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?
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.
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