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I think we're really talking about two different things. You're talking about depreciation as it applies for tax purposes. I'm talking about what's the actual p
by arockwell 18y ago
I think we're really talking about two different things. You're talking about depreciation as it applies for tax purposes. I'm talking about what's the actual price of a used car. Depreciation tries to make a baseline guess at what rate the value of car will fall, but does not set the actual price of the car in the market.
- jotto 18y agoyou're right, we are talking about 2 things, and your approach is more accurate - however. most entities will value an asset based off of a formula, not market price.