Your Company Purchases a New Delivery Van For $\$ 72,000$ for Tax Purposes, the Van Will Be Depreciated Over

Multiple Choice

Your company purchases a new delivery van for $\$ 72,000$ . For tax purposes, the van will be depreciated over a seven year period. At the end of seven years, the value of the van is expected to be $9000 . The graph relating the depreciated value of the van, y , to the number of years, t , since it was purchased is shown below. What is the y- intercept of the graph, if any?

A) 53,000
B) 72,000
C) $12,160$
D) $23,800$
E) no y- intercept