Straight-Line Depreciation Is an Accounting Method Used to Help Spread

question 170

Multiple Choice

Straight-line depreciation is an accounting method used to help spread the cost of new equipment over a number of years. It takes into account both the cost when new and the salvage value, which is the value of the equipment at the time it gets replaced. The function where V is value and t is time in years, can be used to find the value of a large copy machine during the first 7 years of use. After how many years will the copier be worth only $6,000? Round your answer to the nearest hundredth.

• A) 4.62 years
• B) 7.00 years
• C) 5.59 years
• D) 6.12 years
• E) 6.93 years

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Definitions:

Scoring

The process of assigning values to responses or performances in tests or assessments.

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The Minnesota Multiphasic Personality Inventory, a comprehensive psychological test used to assess personality traits and psychopathology.

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An assessment tool designed to identify personality characteristics or disorders based on systematic methods.

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The scientific study of mental disorders, including their symptoms, causes, and treatments.