Depreciation: Once a piece of equipment is put into service, its value begins to depreciate. A business purchases some computer equipment for $18,500. At the end of a 2-yr period, the value of the equipment has decreased to $11,500. (a) Use the relation (time since purchase, value) to find a linear equation modeling the value of the equipment. (b) Discuss what the slope and y-intercept indicate in this context. (c) What is the equipment’s value after 4 yr? (d) How many years after purchase will the value decrease to $6000? (e) Generally, companies will sell used equipment while it still has value and use the funds to purchase new equipment. According to the function, how many years will it take this equipment to depreciate in value to $1000?
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