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Furniture Depreciation Calculator

Formula

The formula to calculate the current value of a piece of furniture is:

$CV = OP - \left(\frac{D}{100} \times OP \times A\right)$

Where:

The following table lists standard depreciation rates for different types of furniture:

Example:

Step 1: Calculate the current value:

$CV = 1000 - \left(\frac{10}{100} \times 1000 \times 5\right) = 1000 - 500 = 500 \text{ dollars}$