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Terri Shein owns a van that cost 15790 four years ago and has a resale value of 5350 today The van now has about 80000 miles on the odometer The average annual depreciation for Terri's van is?
Wiki User
∙ 15y ago
The miles on the odometer should be irrelevant. The resale value should bake that in. The average depreciation would be (15790-5350)/4, which would be 2610.
Wiki User
∙ 15y ago
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