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13 cards from this deck
Process of reducing an asset's value over time due to use and age
Item that is losing value over time
Percentage by which asset value decreases each year
Original value/cost of asset when new
Asset value after depreciation over time
F=P(1−i)tF = P(1 - i)^tF=P(1−i)t
Final value after depreciation
Initial value of asset
Depreciation rate as decimal
Time in years
Divide by 100
Shows how much value remains each year
Calculates value decrease over time
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