For guidance purpose only not for the answer purpose here an explanation:
Find the percentage value of how much equipment is decreasing.
p - percentage
Here it is either 5 or 4 power but for illustration i choose this S(5)=70000(1-(p/100))^(5)=40000
here I you should use online calculator or use some tricks to evaluate. After finding percentage choose independent variable to be time and the equipment worth to be dependent variable.