Your Company Purchases a New Delivery Van For for Tax Purposes, the Van Will Be Depreciated Over
Your company purchases a new delivery van for . 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)
D)
E) no y- intercept
Correct Answer:
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