A Business Purchasing an Item for Business Purposes May Use

question 29

Multiple Choice

A business purchasing an item for business purposes may use straight-line depreciation to obtain a tax deduction. The formula for the present value, P, after t years is given below, where C is the cost and s is the scrap value after L years. The number L is called the useful life of the item. ​ ​
If a certain piece of equipment costs $4,100 and has a scrap value of $1,700 after 5 years, write an equation to represent the present value after t years.
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Definitions:

Supervision

The act of overseeing and directing work or workers.

Authoritarian

Pertaining to a governing or leadership style characterized by absolute or dictatorial control, often with little regard for individual freedom or input.

Establish and Enforce

The process of setting up rules or principles and ensuring their observance by applying penalties for violations.

Authoritative Parents

Parents who are both demanding and responsive, they set clear standards for their children but also encourage independence and are attentive to their needs.