What is the difference between depreciation and appreciation?
An example of an AI chatbot conversation about depreciation vs appreciation in finance.
What is the difference between depreciation and appreciation?
Depreciation refers to the decrease in value of an asset over time, while appreciation is the increase in value.
Can you give me examples of each?
Sure! A car typically depreciates in value, while real estate often appreciates over time.
How does depreciation affect taxes?
Depreciation can reduce taxable income by allowing businesses to deduct the cost of an asset over its useful life.
What factors influence appreciation?
Factors include market demand, economic conditions, and improvements made to the asset.
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