Suppose a tractor purchased at a price of $60,000 is to be depreciated by the double declining-balance method over a 10-year period. It can be shown that the rate at which the book value will be decreasing is given by
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dollars/year at year t. Find the amount by which the book value of the tractor will depreciate over the first 4 years of its life. Please round the answer to the nearest cent.
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A. $44,258.76
B. $34,481.40
C. $29,465.81
D. $32,210.13
E. $34,360.97
Answer: B
Mathematics
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