What is depreciated value?
Depreciated value is the minimum amount that an asset is worth after depreciation. In other words, depreciated value is the amount that an object loses in value over time.
Depreciation is the decrease in the value of an asset over time due to wear and tear.
The depreciated value of an item is usually lower than its original price. This means that if you owned your car for three years and it has now depreciated by $5,000, you would only be able to sell it for $4,000 since that’s what people are willing to pay for it.
When calculating depreciated value, you need two things: the original price of the item and how long it’s been in use. For example, let’s say that you bought a container for $10,000 and then sold it after three years at a price of $3,000 because of depreciation. In this case, your depreciated value would be $7000 ($10k – $3k).
Terms related to depreciated value
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