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Verified Answer :

ogorwyne

A car is an item that is considered to be all of the above.

  • It is a collateral.
  • It depreciates
  • It is an asset

What is a depreciable property

A property is said to be depreciable given the fact that its value falls or decreases with time.

A car is a property that is usually known to have less value following the time that it has been used or produced.

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