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?

To determine the salvage value of Roxy's ice cream delivery truck, we can use the formula for straight-line depreciation. The formula for straight-line depreciation is: \[ \text{Depreciation Expense} = \frac{\text{Cost of the Asset} - \text{Salvage Value}}{\text{Useful Life}} \] Given that: - The depreciation expense per year is \(2,100\) - The cost of the truck is \(19,000\) - The useful life is \(7\) years We can set up the equation: \[ 2,100 = \frac{19,000 - \text{Salvage Value}}{7} \] To solve for the salvage value, we first multiply both sides by \(7\): \[ 2,100 \times 7 = 19,000 - \text{Salvage Value} \] This gives us: \[ 14,700 = 19,000 - \text{Salvage Value} \] Now, we can isolate the salvage value: \[ \text{Salvage Value} = 19,000 - 14,700 \] Calculating that gives: \[ \text{Salvage Value} = 4,300 \] Therefore, the salvage value of Roxy's ice cream delivery truck is **$4,300**.