The value of almost everything you own (assets), such as a car, computer, or house, depreciates (goes down) over time. When an asset’s value decreases by a fixed amount each year, the depreciation is called straight-line depreciation. Suppose your truck has an initial value of $12,400 and depreciates $820 per year. Independent variable 1 2 3 4 5 Dependent variable 11,580 10,760 9,940 9,120 8,300 Write a statement using v as the dependent variable and t as the independent variable. Then translate the statement into an equation.
Answer
A
Let t represent the value of the truck and v represent the number of years;
B
Let v represent the value of the truck and t represent the number of years;
C
Let t represent the value of the truck and v represent the number of years;
D
Let v represent the value of the truck and t represent the number of years;