1. VEHICLE
DEPRECIATION

2. Try and think of some things that
APPRECIATE (to gain value over time):

3. DEPRECIATION is the decrease in value of
something over time.
The DEPRECIATION RATE is the percent
rate by which something loses value.
The RE­SALE VALUE is the value of
something after it has depreciated.
VEHICLES, unfortunately, depreciate more than
almost anything else in the world.

4. EX A new honda civic sells for $28,500. The
depreciation rate is 14% for the first year,
and 12% for the second year. Find the
total depreciation for the first two years
and the re­sale value after two years.

5. HOMEWORK
p.168; #1­4