cons30s vehicles - depreciation
Post on 16-May-2015
623 Views
Preview:
TRANSCRIPT
VEHICLE DEPRECIATION
Try and think of some things that APPRECIATE (to gain value over time):
DEPRECIATION is the decrease in value of something over time.
The DEPRECIATION RATE is the percent rate by which something loses value.
The RESALE VALUE is the value of something after it has depreciated.
VEHICLES, unfortunately, depreciate more than almost anything else in the world.
EX A new honda civic sells for $28,500. The depreciation rate is 14% for the first year, and 12% for the second year. Find the total depreciation for the first two years and the resale value after two years.
HOMEWORKp.168; #14
top related