Question

A carpet company purchased a new loom for $124,000. For income tax purposes, company accountants will use the straight-line depreciation equation y = -15,500x + 124,000 to describe the declining value of the loom. a. When will the value of the loom be one-half of its purchase price? b. When will the loom have no value?

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Given the equation y=15,500x+124,000y=-15,500x + 124,000 to describe the declining value of a $124,000-loom,

\text Let:yy= the value of the loom \xx= time that the loom will depreciate \

\text Determine: \ \textbf {a. } When the value of the loom be$$12\dfrac{1}{2} its price.

b. \textbf {b. } When the loom will have no value.

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