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Find the slope of the line joining the points

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Question - Office equipment was purchased for $20,000 and is assumed to have a scrap value of $2,000 after 10 years. If its value is depreciated linearly (for tax purposes) from $20,000 to $2,000.

a. Find the slope of the line joining the points associated with value and time.

b. Find the linear equation that relates value(v) I dollars to time(t) in years.

c. What would be the value of the equipment after 7 years.

Reference no: EM132599645

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