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post #6 of Old 09-17-2009
jameswilson29
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You could predict future depreciation based on past depreciation by finding the acquisition costs of similar boats 10 years ago, subtract the present fair market value of the boats today, and adjust for the change in buying power of the dollar from 10 years ago to today.

The error you sometimes see on the listserv is not considering the change in value of the dollar from the date of acquisition, ex. "My boat is a good investment because it sells for the same price I paid for it 20 years ago."
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