The value of almost everything you own (assets), such as a car, computer, or house, depreciates (goes down) over time. When an asset’s value decreases by a fixed amount each year, the depreciation is called straight-line depreciation.

Suppose your truck has an initial value of $12,400 and depreciates $820 per year.

What two variables are involved in this problem? Which variable can best be designated as the dependent variable? As the independent variable?

Question

The value of almost everything you own (assets), such as a car, computer, or house, depreciates (goes down) over time. When an asset’s value decreases by a fixed amount each year, the depreciation is called straight-line depreciation. 





Suppose your truck has an initial value of $12,400 and depreciates $820 per year. 





What two variables are involved in this problem? Which variable can best be designated as the dependent variable? As the independent variable?