(Answered) Sketch the graph of linear equation

Engineering

Problem: Assume the book value, V, in dollars, of a boat t years after January 1, 2002 is given by the linear equation V = 50, 000 - 4, 000t. The expected useful life of the boat is 7 years. Describe your answer and give examples.

Required: (a) Sketch the graph of this linear equation.

(b) What is the annual deduction for depreciation?

(d) Find when the book value of the boat will be $27,000.

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