cons30S Vehicles - Depreciation

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cons30S Vehicles - Depreciation

  1. 1. VEHICLE  DEPRECIATION
  2. 2. Try and think of some things that  APPRECIATE (to gain value over time):
  3. 3. 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.
  4. 4. 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.
  5. 5. HOMEWORK p.168; #1­4

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