Stats Solutions

(See Solution) Business The scrap value of a machine is the value of the machine at the end of its useful life. By one method of calculating scrap value,

Question: Business The scrap value of a machine is the value of the machine at the end of its useful life. By one method of calculating scrap value, where it is assumed a constant percentage of value is lost annually, the scrap value \(S\) is given by

\[S=C(1-r)^{n}\]

where \(\mathrm{C}\) is the original cost, \(n\) is the useful life of the machine in

years, and \(r\) is the constant annual percentage of value lost. Find the scrap value for each of the following machines.

Original cost, $78,000; life, 11 years; annual rate of value loss, \(14 \%\)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in