(Step-by-Step) A machine costing $50,000 is assumed to depreciate at a rate proportional to the difference between its value and its scrap value of $1000.
Question: A machine costing $50,000 is assumed to depreciate at a rate proportional to the difference between its value and its scrap value of $1000.
- If the machine is worth $30,000 at the end of two years, what is its value when it is 10 years old?
- Find the value of the machine as a function of time. How does the value behave at time goes on?
Deliverable: Word Document 
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