I there a chart or some type of rule?
like I know that as soon as you drive a new car off the lot, the value goes down about half or something.
anyone know this?
Favorite Answer
in business this is amoratizing an item – the cost or value of something (i.e. the copier) is spread over a certain number of months
if you are looking for info on car, look at the blue book value.
By the way, the value goes down until some other force drives it back up – i.e. it’s a rare or antique item or there is an inordinate demand for the item (think Wii last Christmas)
He has to pay tax on the full value of any purchases in the first year; 90% of the value in the second year; 80% of the value in year 3; 70% in year 4 and so on until the value reaches zero after 10 years and then they’re considered worthless and he no longer has to pay anything for them.
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