Carl's Tractor Service Purchases a Used Brush Mower for $1445 $V = - \frac { 1 } { 289 } t - 1445$

question 32

Multiple Choice

Carl's Tractor Service purchases a used brush mower for $1445.The machine has a useful life of 5 years after which time another one will have to be purchased.Assume depreciation of the machine is linear.Write a linear equation giving the value V of the used brush mower during the 5 years it will be in use.

• A) \(V = - \frac { 1 } { 289 } t - 1445\)
• B) \(V = 289 t - 1445\)
• C) \(V = - \frac { 1 } { 289 } t + 5\)
• D) \(V = \frac { 1 } { 289 } t + 5\)
• E) \(V = - 289 t + 1445\) ?

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Definitions:

Debt Agreement

A formal arrangement between a debtor and creditors which outlines the terms of debt repayment.

Common Stock

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with predetermined dividends.

Debt Instrument

A written obligation to repay borrowed funds or debts under defined terms, such as bonds, notes, or mortgages.