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An office machine is purchased for 7900 Assume that its salvage value V in dollars...

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An office machine is purchased for 7900 Assume that its salvage value V in dollars depreciates according to a method called double declining balance by 20 each year and is given by V t 7900 0 80 where t is the time in years after purchase a Find V 7 and explain its meaning b Find V 7 and explain its meaning c When will the salvage value of the office machine be half of the purchase price a V 7 Round to the nearest cent as needed

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