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

question 39

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 e t,

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

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