A Business Purchasing an Item for Business Purposes May Use

Short Answer

A business purchasing an item for business purposes may use straight-line depreciation to obtain a tax deduction. The formula for the present value, P, after t years is given below, where C is the cost and s is the scrap value after L years. The number L is called the useful life of the item.
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If a certain piece of equipment costs $10,100 and has a scrap value of $1,700 after 8 years, graph the amount you will have in t years. What is the slope of the graph?
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