To lower its corporate income tax, accountants of a large company depreciated a word processing system over several years using a linear model, as shown in the worksheet below. Tax Worksheet Method of depreciation: Linear Years after purchase Property Value Word processing system $52,500 $40,000 (a) Use the information in the worksheet to write a linear equation relating the years since the system was purchased x and its value y, in dollars. y = (b) Find the purchase price of the system by substituting x = 0 into your answer from part (a). $

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
icon
Related questions
Question
To lower its corporate income tax, accountants of a large company depreciated a word processing system over several years using a linear model, as shown in the worksheet below.
Tax Worksheet
Method of depreciation: Linear
Years after
Property
Value
purchase
Word processing
system
$52,500
4
$40,000
(a) Use the information in the worksheet to write a linear equation relating the years since the system was purchased x and its value y, in dollars.
y =
(b) Find the purchase price of the system by substituting x = 0 into your answer from part (a).
$
Transcribed Image Text:To lower its corporate income tax, accountants of a large company depreciated a word processing system over several years using a linear model, as shown in the worksheet below. Tax Worksheet Method of depreciation: Linear Years after Property Value purchase Word processing system $52,500 4 $40,000 (a) Use the information in the worksheet to write a linear equation relating the years since the system was purchased x and its value y, in dollars. y = (b) Find the purchase price of the system by substituting x = 0 into your answer from part (a). $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Systems of Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education