A piece of equipment was purchased by a company for $10,000 and is assumed to have a salvage value of $3,000 in 10 years. If its value is depreciated linearly from $10,000 to $3,000, find a linear equation in the form V = mt + b, t time in years, that will give the salvage value at any time t,
A) V = 700t + 10,000
B) V = - 700t - 10,000
C) T = - 700V + 10,000
D) V = - 700t + 10,000

Question

A piece of equipment was purchased by a company for $10,000 and is assumed to have a salvage value of $3,000 in 10 years. If its value is depreciated linearly from $10,000 to $3,000, find a linear equation in the form V = mt + b, t time in years, that will give the salvage value at any time t, 
A) V = 700t + 10,000 
B) V = - 700t - 10,000 
C) T = - 700V + 10,000 
D) V = - 700t + 10,000

Quizplus · Accepted Answer

The Answer of A piece of equipment was purchased by a company for $10,000 and is assumed to have a salvage value of $3,000 in 10 years. If its value is depreciated linearly from $10,000 to $3,000, find a linear equation in the form V = mt + b, t time in years, that will give the salvage value at any time t, 
A) V = 700t + 10,000 
B) V = - 700t - 10,000 
C) T = - 700V + 10,000 
D) V = - 700t + 10,000

A Piece of Equipment Was Purchased by a Company for $10,000