Question

For depreciation purposes, the anniversary year is the number of years ago the car was bought new. true or false

Answer 1

The correct answer is true

Answer 2

The given statement is true.

Explanation:

For depreciation purposes, the anniversary year is the number of years ago the car was bought new- This is true.

On an average, a car is depreciated around 20% after first 12 months. And after that a subsequent 10% is depreciated per year.

Anniversary year of a car is defined as the number of years ago a car was bought new.