I am looking for someone who can help me find this answer: Develop a general formula for depreciation defining what each variable in the formula stands for.
I am looking for someone who can help me find this answer: Develop a general formula for depreciation defining what each variable in the formula stands for.
Hi dlewislou,
There is a general formula for straight line depreciation.
$\displaystyle V=P(1-r)^n$
where
V = Future Value P = Present Value r = Depreciation Rate n = Number of Years Depreciated
I am looking for someone who can help me find this answer: Develop a general formula for depreciation defining what each variable in the formula stands for.