cons30S Vehicles - Depreciation

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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

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