Your Company Purchases a New Delivery Van For $\$ 40,000$ for Tax Purposes, the Van Will Be Depreciated Over

Your company purchases a new delivery van for $\$ 40,000$ . For tax purposes, the van will be depreciated over a seven year period. At the end of seven years, the value of the van is expected to be $5000 . The equation relating the depreciated value of the van, y , to the number of years, t , since it was purchased is given by $y = 40,000 - 5000 t$ . Sketch a graph of this equation.

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