A piece of equipment was purchased by a company for $10,000 and is assumed to have a salvage value of $3,000 in 10 years. If its value is depreciated linearly from $10,000 to $3,000,find a linear equation in the form V = mt + b,t time in years,that will give the salvage value at any time t,0 c t c 10.
A)V = 700t + 10,000
B)T = – 700V + 10,000
C)V = – 700t – 10,000
D)V = – 700t + 10,000
