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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Answer using the depreciation model.
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A new multimedia computer costs $1000 and depreciates at a rate of $250 per year.(a) Write the depreciation model in the form f(x) = mx + b.
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f(x) =Â Â Â
Â
Â
(b) How long will it take for the computer to depreciate to the point that it has no worth? (Round your answer to two decimal places.)
 years
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