Suppose a business purchases equipment for 17 500 and

Last updated: 6/15/2023

Suppose a business purchases equipment for 17 500 and depreciates it over 5 years with the straight line method until it reaches its salvage value of 2500 see the figure below Assuming that the depreciation can be for any part of a year answer the questions to the right A Dollars 20 000 17 500 15 000 10 000 5000 0 14 500 12 11 500 8500 5500 4 2500 6 Years a Write an equation that represents the depreciated value V as a function of the years t V 17500 3000t Do not factor b Write an inequality using t as the variable that indicates that the depreciated value V of the equipment is less than 8500 Do not simplify