Math Problem Statement
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 Property Years after purchase Value Word processing system 2 $59,500 " 4 $33,500 (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). $
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Depreciation
Slope-Intercept Form
Formulas
y = mx + b
m = (y2 - y1) / (x2 - x1)
Theorems
Slope-Intercept Theorem
Suitable Grade Level
Grades 9-12
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