Real-World Applicationshard
0:00.0
A construction company has equipment that depreciates following , where is initial value and is the decay constant. A bulldozer costs $180,000 new. After 5 years, its value is $95,000. If the company plans to sell the bulldozer when its value drops to $50,000, how many years after purchase will this occur?
A construction company has equipment that depreciates following , where is initial value and is the decay constant. A bulldozer costs $180,000 new. After 5 years, its value is $95,000. If the company plans to sell the bulldozer when its value drops to $50,000, how many years after purchase will this occur?