Most types of personal property depreciate shortly after being put into use.

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Most types of personal property such as electronic gadgets, equipment, furniture, vehicles, etc. tend to depreciate in value shortly after they are put into use. This means that they lose their monetary value over time due to wear and tear, obsolescence, or changes in market demand. Exceptions to this may include certain types of antiques or collectibles, whose value may appreciate over time.

Most Types of Personal Property Depreciate Shortly After Being Put