Roxy knows that she can deduct the depreciation expense of her ice cream delivery truck from her taxes over the truck’s useful life of 7 years. she can depreciate $2,100 per year. if she paid $19,000 to buy the truck, what is its salvage value?

a. $16,900

b. $8,500

c. $4,300

d. $3,400

C.$4,300

Step-by-step explanation:

We are given that

Cost of truck=$19,000

Depreciation per year=$21,00

We have to find the salvage value.

Let salvage value=x

Formula:Depreciation per year=

Using the formula

Substitute the values then we get

Hence, the salvage value=$4,300

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