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Question 137 - CTFA discussion

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The loss in the value of an asset, such as an automobile, that occurs over its period of ownership; calculated as the difference between the price initially paid and the subsequent sale price.

A.
Depreciation
Answers
A.
Depreciation
B.
Franchise dealerships
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B.
Franchise dealerships
C.
Independent dealership car lots
Answers
C.
Independent dealership car lots
D.
Private individuals
Answers
D.
Private individuals
Suggested answer: A
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asked 16/09/2024
ANIKET PATEL
41 questions
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