soniacandia soniacandia
  • 30-11-2017
  • Mathematics
contestada

For depreciation purposes, the anniversary year is the number of years ago the car was bought new. true or false

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claraxmanuzza claraxmanuzza
  • 07-12-2017
The correct answer is true
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chisnau chisnau
  • 31-05-2019

Answer:

The given statement is true.

Step-by-step explanation:

For depreciation purposes, the anniversary year is the number of years ago the car was bought new- This is true.

On an average, a car is depreciated around 20% after first 12 months. And after that a subsequent 10% is depreciated per year.

Anniversary year of a car is defined as the number of years ago a car was bought new.

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