Solve the Problem. -A Piece of Equipment Was Purchased by a Company for a Company

question 21

Multiple Choice

Solve the problem.
-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,0 c t c 10.

• A)V = 700t + 10,000
• B)T = - 700V + 10,000
• C)V = - 700t - 10,000
• D)V = - 700t + 10,000