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13 cards from this deck
Reduction in value of an asset over time
Cars and other motor vehicles
V=P(1−r)tV = P(1 - r)^tV=P(1−r)t
Value of the asset after ttt years
Initial value (purchase price) of the asset
Depreciation rate (as a decimal)
Number of years
Asset loses value each year
A=P−StA = \frac{P-S}{t}A=tP−S
Annual depreciation amount
Scrap value
Assets that lose value evenly (buildings, furniture)
Assets that lose more value in early years (vehicles)
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