Bob and Mary start traveling toward each other from 480 miles ...

[EAugust]

Bob and Mary start traveling toward each other from 480 miles apart, each moving at the same speed. They meet after four hours. How fast were they each traveling?

Question 2

Michigan Manufacturing uses the straight-line method of depreciation. A large fork-lift was purchased for 62,500 . It has an estimated life of five years and an estimated scrap value of 2,500 . Compute the book value at the end of the first year.

[frejo]

Answer to Question 1

60 miles per hour

Answer to Question 2

50,500