Depreciation A business uses straight-line depreciation to determine the value y of an automobile over a 5-year period. Suppose the original value (when t = 0) is equal to $26,000 and the salvage value (when t = 5) is equal to $1000.
a. By how much has the automobile depreciated over the 5 years?
b. By how much is the value of the automobile reduced at the end of each of the 5 years?
c. Write the linear equation that models the value s of this automobile at the end of year t.
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