SOLUTION: Brooks Bros. Company purchased a piece of equipment and used the straight-line depreciation method. The company books showed that the book value was $14,475 at the end of the third
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Question 1131657: Brooks Bros. Company purchased a piece of equipment and used the straight-line depreciation method. The company books showed that the book value was $14,475 at the end of the third year and $8275 at the end of the seventh year.
(a) Find the linear equation B(x) relating book value and number of years.
B(x) = Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! these are ordered pairs (3, 14475) and (7, 8275)
the slope is -6200/4=-1550
point-slope formula y-y1=m(x-x1) m slope and (x1, y1) point
y-8275=-1550(x-7)
y=-1550x+10850+8275
B(x)=-1550x+19125 ANSWER
