A $654,000 property is depreciated for tax purposes by its owner with the straight-line depreciation method. The value of the building, y, after x months of use is given by y = 654,000 − 1800x dollars. After how many months will the value of the building be $409,200?
We want to know x for the equation:
654000 - 1800x = 409200
To solve this equation for x, we type it in our math engine and we get:
x = 136 months
We want to know x for the equation:
654000 - 1800x = 409200
To solve this equation for x, we type it in our math engine and we get:
x = 136 months