A $360,000 building is depreciated by its owner. the value y of the building after x months is: y = 360,000 – 1,500 x. how many months will it take until it is completely depreciated
Y = 360,000 - 1500 X
X-intercepts; Y = 0
1500 X = 360,000
X = 240
Y-intercepts; X = 0
Y = 360,000
The Y-intercepts corresponds to the value of the property 0 months after purchase.
The X -intercepts corresponds to the number of months that have passed before the value is 0.
The property is fully depreciated after 240 months or 20 years
