The loss of value in a car over time is called
A)maintenance.
B)loan payments.
C)sales payments.
D)commissions.
E)depreciation.

Question

Quizplus · Accepted Answer

Depreciation refers to the loss in value of a car over time due to various factors such as wear and tear, aging, and market conditions. It is a natural process that happens to all vehicles and is a significant consideration when buying or selling a car. Options A, B, C, and D are not correct because they do not refer to the loss of value over time but other aspects of car ownership and transactions.

The Loss of Value in a Car Over Time Is