Depreciation

Develop a general formula for depreciation defining what each variable in the formula stands for.

Quote:

---

Originally Posted by doodle08

Develop a general formula for depreciation defining what each variable in the formula stands for.

---

= Value at time t
= Initial value (at t=0)
= A positive constant measuring the drop
= time since t=0

Quote:

---

Originally Posted by doodle08

Develop a general formula for depreciation defining what each variable in the formula stands for.

---

There are many different types of depreciation: straight-line, declining-balance, etc. Which one(s) are you supposed to be working with?

Thank you! :D