Originally Posted by
D1andonlyDman
Obviously, you didn't understand what I wrote, by YOUR math. Depreciation is a percentage of the value at any given time. The value never gets to be less than zero. But it does become a small fraction of what the bike was worth when it was new.
But you claim it to be about zero just after 3 years based on bike shop sales considerations rather than longevity of the product. Does blue book values go to zero at the 3 year point of an automobile? Of course not, proving the lack of a point on your part. Additionally, State Farm considered my 11 month old bicycle that their insured totaled to be at 0% depreciation (no value lose for the first year). So I did not even have to fight with them about some BS depreciation claims.
__________________
Land of the Free, Because of the Brave.