The federal tax code allows some items used for business purposes to be depreciated. That is, their taxable value decreases over time. A new van used in your delivery business has a taxable value of $22,000. The tax code allows you to depreciate this van by $1900 per year. Find a formula that gives the taxable value T, in dollars, of the van after n years of depreciation.

T = 22,000 - 1,900n

Step-by-step explanation:

Taxable value is $22,000

The tax code allows for the depreciation of this van by $1,900 per year.

After n years therefore the total depreciation is;

= 1,900 * n

This depreciation will need to be removed from the taxable value of $22,000 to find out the taxable value left.

Formula is therefore;

T = 22,000 - 1,900n

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