Clothing - Men's - Formal Wear

Item Age (Years)
Replacement Cost
$
.00
 
Clothing - Men's - Formal Wear Depreciation Rate: 20.00% per year
Keywords: clothing, mens, clothes, attire, formal, wear, stafford, evening, tuxedo, tie, black, bow, shirt, pants, shoes, belts
DEPRECIATION FORMULA
ACV = RCV - (DPR * RCV * AGE)
EQUATION VARIABLES
ACV = Actual Cash Value (Depreciated Value)
AGE = Age of Item (Years)
RCV = Replacement Cash Value (Cost to Purchase Now)
DPR = Depreciation Rate (% per Year)
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