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?

Answer 1

The two variables involved in this problem are the initial value and the depreciation amount per year. The initial value can be designated as the independent variable, while the depreciation amount per year can be designated as the dependent variable.

Step-by-step explanation:

The two variables involved in this problem are the initial value and the depreciation amount per year. The initial value represents the starting value of the truck, which is $12,400. The depreciation amount per year represents the fixed amount by which the value of the truck decreases each year, which is $820.

The initial value can be designated as the independent variable, as it is the value that is given and does not depend on any other factor. The depreciation amount per year can be designated as the dependent variable, as it depends on the passage of time and the reduction in value of the truck.

Answer 2

Usually we consider value to be the dependent variable, and age to be the independent one.

so the answer is C.

Independent variable - number of years you own the truck;

Dependent variable - value of the truck.