Applying the Concepts and Skills Equipment Depreciation. A small company has purchased a computer system for $7200 and plans to depreciate the value of the equipment by $1200 per year for 6 years. Let x denote the age of the equipment, in years, and y denote the value of the equipment, in hundreds of dollars. a. Find the equation that expresses y in terms of x. b. Find the y -intercept, b0, and slope, b1, of the linear equation in part (a). c. Without graphing the equation in part (a), decide whether the line slopes upward, slopes downward, or is horizontal. d. Find the value of the computer equipment after 2 years; after 5 years. e. Obtain the graph of the equation in part (a) by plotting the points from part (d) and connecting them with a line. f. Use the graph from part (e) to visually estimate the value of the equipment after 4 years. Then calculate that value exactly, using the equation from part (a).

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter8: Linear Functions
Section8.3: Using Intercepts
Problem 29E
icon
Related questions
icon
Concept explainers
Question

Applying the Concepts and Skills

Equipment Depreciation. A small company has purchased a computer system for $7200 and plans to depreciate the value of the equipment by $1200 per year for 6 years. Let x denote the age of the equipment, in years, and y denote the value of the equipment, in hundreds of dollars.

a. Find the equation that expresses y in terms of x.

b. Find the y -intercept, b0, and slope, b1, of the linear equation in part (a).

c. Without graphing the equation in part (a), decide whether the line slopes upward, slopes downward, or is horizontal.

d. Find the value of the computer equipment after 2 years; after 5 years.

e. Obtain the graph of the equation in part (a) by plotting the points from part (d) and connecting them with a line.

f. Use the graph from part (e) to visually estimate the value of the equipment after 4 years. Then calculate that value exactly, using the equation from part (a).

Expert Solution
Step 1

Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are solving the first 3 parts for you, according to our policy. If you need help with any of the other parts, please re-post the question and mention the part you want answered.

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Points, Lines and Planes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning