wad is depreciation?

• Vigelic

  19 Jul 09, 22:46

  can somebody tell me what is depreciation for the vehicle? like example if the vehicle was bought in 2004 at a price of S$250,000, how do i know how much is it worth right now?

   

  sorri, i know how to google, but i juz dun geddit, can someone explain in simple english?

• eeden.

  19 Jul 09, 22:51

  depreciation at what rate? no head no tail.
• Vigelic

  19 Jul 09, 22:58

  got rate de? how i know is what rate?

• <(0))><

  19 Jul 09, 23:17

  depreciation means ur car decrease in value lor
  due to several factors such as wear and tear of the vehicle or becoming obsolete
  usually there is a rate at which an asset get depreciated and there are different ways
  of calculating it.

• Vigelic

  20 Jul 09, 01:32

  and the different ways are....? >< sorry

• mlmersrlosers

  20 Jul 09, 01:38

  some ways are: Depreciation methods based on time
             Straight line method
             Declining balance method          
             Sum-of-the-years'-digits method
  
      Depreciation based on use (activity)

• deepak.c

  20 Jul 09, 02:11

   

  Depreciation is just an estimation of the value of an asset, whatever is left after cost less depreciation is never the true price of the asset.

   

  To know how much your car is worth, get a car dealer to give you a conclusive price.

   

   

• a-Lost-9uY

  20 Jul 09, 02:21

  say ur car cost 50k..

  drive 10yrs..

  so yearly depreciation = 50k/10yrs = 5k per yr..

  aft 1st yr, e car value = (50-5)k = 45k left..

  n oncoming yrs are e same..

   

  jz an example..

• nOrmalbOi

  20 Jul 09, 23:02

  50k? Didnt know an E46 325 cabrio costs so little nia...

  Simple way of counting is to count the total cost of the car + the payable interest, if any, then divide by 10.

  Another way to know how much the car is worth now is to take a look at sgcarmart for similar models registered at around the same time as yours.

  Want change to simi car?

• Vigelic

  25 Jul 09, 01:20

  lol u still rmb uh ? no luh i juz asking cos sumone ask me how much issit worth now and i dunno anithing

• lianamaster

  25 Jul 09, 21:33

  Originally posted by Vigelic:

  can somebody tell me what is depreciation for the vehicle? like example if the vehicle was bought in 2004 at a price of S$250,000, how do i know how much is it worth right now?

   

  sorri, i know how to google, but i juz dun geddit, can someone explain in simple english?

  You will first have to get the current value of the car. Subtract the 2 values to get the difference and divide that figure by the number of years of the car. The result will be the depreciation. As for obtaining the final value of the car, you either have to get a quote from the dealer or obtain the owner's details and log in to onemotoring website to get the rough value.