About Boat Depreciation Calculator (Formula)
The Boat Depreciation Calculator is a tool that helps determine the amount of depreciation experienced by a boat over time. The calculation is based on the Boat Depreciation Formula, which is
D = (OP – SV) / OP * 100
D represents the boat depreciation as a percentage,
OP represents the original price of the boat, and
SV represents the sales value of the boat.
The calculation is done by subtracting the sales value of the boat from its original price and dividing the result by the original price. The result is then multiplied by 100 to express it as a percentage.
The boat depreciation calculation provides valuable information for boat owners and buyers. Boat owners can use it to determine the current value of their boats, and buyers can use it to compare the value of different boats and determine which one offers the best value for money.