A new house was sold for $1, 183,000 six years after it was built and purchased. The original owners calculated that the house appreciated $53,000 per year while they owned it. Find a linear function that describes the appreciation of the building, in thousands of dollars, if & is the number of years since the original purchase.

A new house was sold for $1, 183,000 six years after it was built and purchased. The original owners calculated that the house appreciated $53,000 per year while they owned it. Find a linear function that describes the appreciation of the building, in thousands of dollars, if & is the number of years since the original purchase.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter8: Property Transactions: Capital Gains And Losses, Section 1231 And Recapture Provisions

Section: Chapter Questions

Problem 9CE

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