Timeline for How do you calculate the depreciation on a car?
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| Jul 17, 2022 at 23:40 | comment | added | Makyen | This answer would be better if it included some discussion of the difference between "depreciation" and "current market value", and that "depreciation" will be calculated differently in different contexts. What this primarily discusses is the "current market value" or "current resale value" of the car (i.e. what it can actually be sold for). While that's what the full text of the question is really asking for, this doesn't directly address the fundamental misconception in the question and explain that "current market value" is not "depreciation", nor "depreciated value", in many contexts. | |
| Jul 17, 2022 at 5:21 | comment | added | Criggie | This. Accounting numbers are just calculated for the books (from formulas), and have zero relevance to real values. I've seen an expensive toner cartridge logged as a capital item with expected lifespan of 10 years, but it was empty in one and therefore worthless. | |
| Jul 14, 2022 at 6:20 | history | answered | littleadv | CC BY-SA 4.0 |