Decorative Items - Oil Paintings

Item Age (Years)
Replacement Cost
$
.00
 
Notes: Use commercial value
Keywords: decorative, items, oil, paintings, prints, art
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)