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?
a.

Independent variable - amount of depreciation per year;
Dependent variable - number of years you own the truck.
b.

Indep

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?
a.
	
Independent variable - amount of depreciation per year;
Dependent variable - number of years you own the truck.
b.
	
Indep