question archive Office equipment was purchased for $20,000 and is assumed to have a scrap value of $2,000 after 10 years
Office equipment was purchased for $20,000 and is assumed to have a scrap value of $2,000 after 10 years
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Office equipment was purchased for $20,000 and is assumed to have a scrap value of $2,000 after 10 years. If its value is depreciated linearly(for tax purposes) from $20,000 to $2,000.
a. Find the slope of the line joining the points associated with value and time.
b. Find the linear equation that relates value(v) I dollars to time(t) in years.
c. What would be the value of the equipment after 7 years.
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