Question

- A large refrigerator was purchased at 25,000, 4 years back. Find its resale
price by considering 9% depreciation per year.​

Answer 1

Answer:

Appliances - Major - Refrigerator Depreciation Rate: 6.67% per year

Keywords: appliances, major, refrigerator, amana, frigidaire, ge, hotpoint, maytag, jenn-air, kenmore, whirlpool, kithen-aid

DEPRECIATION FORMULA

ACV = RCV - (DPR * RCV * AGE)

EQUATION VARIABLES

ACV = Actual Cash Value (Depreciated Value)

AGE = Age of Item (Years)

RCV = Replacement Cash Value (Cost to Purchase Now)

DPR = Depreciation Rate (% per Year)

DOWNLOAD THE 2019 CLAIMS PAGES DEPRECIATION GUIDE

This free, downloadable PDF is fantastic for calculating depreciation on-the-go or when you're without mobile service to access the