As soon as he drove it off the lot, eric's brand new red mustang convertible depreciated. what is the definition of the word depreciated in the above context?

a. fell in value

b. set a lower price

c. lowered in esteem

d. deducted from taxable income

Question

1 March, 10:31

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Keaton Dyer · Answer 1

Fell in value. All new cars do this. It's a good plan to buy a slightly used car instead.

As soon as he drove it off the lot, eric's brand new red mustang convertible depreciated. what is the definition of the word depreciated in the above context?a. fell in valueb. set a lower pricec. lowered in esteemd. deducted from taxable income