In 2001 A Company Installed A New Machine In One Of Its Factories At A Cost Of 5

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In 2001 a company installed a new machine in one of its factories at a cost of $580,000. The machine is linearly depreciated over 24 years with a scrap value of $16,000.  Find an expression for the machine value in the tth year of use (0 < t < 24)

 
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