A piece of equipment was purchased by a company for $10,000 and is assumed to have a

Question:

A piece of equipment was purchased by a company for $10,000 and is assumed to have a 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 at any time.
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...