Solve
-A School Has Just Purchased New Computer Equipment For $\$ 23,000.00$

question 305

Multiple Choice

Solve.
-A school has just purchased new computer equipment for $\$ 23,000.00$ . The graph shows the depreciation of the equipment over 5 years. The point $( 0,23,000 )$ represents the purchase price and the point $( 5,0 )$ represents when the equipment will be replaced. Write a linear equation in slope-intercept form that models the value of the equipment, $y$ , x years after purchase. Use the model to predict the value of the equipment after 4 years?

• A) \(y = - 4600 x + 23,000\); value after 4 years is \(\$ 4600.00\);
• B) \(\mathrm { y } = 23,000 \mathrm { x } + 5\); value after 4 years is \(\$ 4600.00\)
• C) \(\mathrm { y } = 4600 \mathrm { x } - 23,000\); value after 4 years is \(\$ 4600.00\)
• D) \(y = - 23,000 x + 23,000\); value after 4 years is \(\$ - 69,000.00\)

---

Definitions:

Financial Statement

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and statement of cash flows.

Service Business

A type of business that provides intangible products or services to customers rather than physical goods.

Hospital

A healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being subject to lawsuits.