Vocab Flashcard 4.5 - 4.7

Front

What is the term for the devaluation of a car using data from the car's worth in the past?

Back

Historical depreciation

Front

What model describes the exponential decay in the context of auto devaluation?

Back

Exponential depreciation

Front

What does it mean to decrease in value over time?

Back

Depreciate

Front

What is the term for an increase in value over time?

Back

Appreciate

Front

What is a dashboard display that gives the accumulated distance traveled on a particular trip called?

Back

Trip odometer

Front

What is the term for the loss of value of an asset over time?

Back

Depreciation

Front

What is the opposite of depreciation?

Back

Appreciation

Front

What is the formula for calculating depreciation using the straight-line method?

Back

(Cost of Asset - Salvage Value) / Useful Life

Front

What is the term for the value of an asset at the end of its useful life?

Back

Salvage value

Front

What is the term for the initial cost of an asset?

Back

Cost of asset