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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 $8,100 and has a scrap value of $2,100 after 10 years, write an equation to represent the present value after t years.
Earnings
The financial gains obtained from labor, investment, or business operations, typically measured over specific periods.
Applicants
Individuals who apply or express interest in a job, program, or opportunity, seeking to become candidates for selection.
HRISs
Human Resource Information Systems, digital solutions for managing an organization's people-related data and processes.
Technological Effect
The impact of technology on society, including changes in behaviour, efficiency, and economic structures.
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