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 $21,000.The tax code allows you to depreciate this van by$2400 per year. Find a formula that gives the taxable value T, in dollars, of the van after n years of depreciation. T =

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
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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 $21,000.The tax code allows you to depreciate this van by$2400
per year. Find a formula that gives the taxable value T, in dollars, of the van after n years of depreciation.
T =
 
 
Expert Solution
Step 1

Given that, the taxable value of $21,000 and the tax code allows you to depreciate this van by $2400 per year.

Then, the taxable value and multiplication of the depreciation value with the number of year of depreciation.

 

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