A business purchasing an item for business purposes may use straight-line depreciation to obtain a tax deduction. The formula for the present value, P, after t years is given below, where C is the cost and s is the scrap value after L years. The number L is called the useful life of the item.
If a certain piece of equipment costs $4,100 and has a scrap value of $1,700 after 5 years, write an equation to represent the present value after t years.

Question

A business purchasing an item for business purposes may use straight-line depreciation to obtain a tax deduction. The formula for the present value, P, after t years is given below, where C is the cost and s is the scrap value after L years. The number L is called the useful life of the item. ​  ​
If a certain piece of equipment costs $4,100 and has a scrap value of $1,700 after 5 years, write an equation to represent the present value after t years.
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Quizplus · Accepted Answer

The Answer of A business purchasing an item for business purposes may use straight-line depreciation to obtain a tax deduction. The formula for the present value, P, after t years is given below, where C is the cost and s is the scrap value after L years. The number L is called the useful life of the item. ​  ​
If a certain piece of equipment costs $4,100 and has a scrap value of $1,700 after 5 years, write an equation to represent the present value after t years.
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A Business Purchasing an Item for Business Purposes May Use