Solve
Hat
-The Average Value of a Certain Type of Automobile

question 208

Multiple Choice

Solve.
hat
-The average value of a certain type of automobile was $\$ 13,800$ in 1993 and depreciated to $\$ 8160$ i be the average value of the automobile in the year $x$ , where $x = 0$ represents 1993 . Write a linear models the value of the automobile in terms of the year $\mathrm { x }$ .

• A) \(y = - 1880 x + 8160\)
• B) \(y = - 1880 x + 13,800\)
• C) \(y = - 1880 x + 2520\)
• D) \(y = - \frac { 1 } { 1880 } x - 8160\) in 1996. Let y

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Definitions:

Account

A record used to keep track of financial transactions within a specific category in accounting.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts, or decreases in assets and expense accounts are recorded.

Normal Balance

The side (debit or credit) of an account that is typically increased. For assets and expenses, it's debit; for liabilities, equity, and income, it's credit.

Account

A record that keeps track of all financial transactions related to an asset, liability, equity, revenue, or expense.