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 $28,000. 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.

The formula is ;

T = 28000 - 1900(n)

Where n is the number of years of depreciation after the first year

Step-by-step explanation:

In this question, we are tasked with finding a formula which gives the taxable value T in dollars of the van after n years of depreciation.

From the question, we are told that initially, the taxable value is $28,000 but each year, there is a depreciation value of $1,900

Now since the depreciation value is constant, by multiplying the number of years by the depreciation value, we can get the amount which has been depreciated off the taxable value.

Thus, we are told that the number of years is n after the first year

The taxable value T = 28,000 - 1900(n)

Where n is the number of years after the initial year

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