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29-10-2021
Computers and Technology

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Louis paid $16,000 for a new car in 2011. When he checked the Kelley Blue Book to see how much his car was worth, he discovered it was only valued at $14,000. This is an example of _____________.

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29-10-2021

This is an example of depreciation. Depreciation means the loss of value of a specific item over time due to the wear and tear of that object.

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