Depreciating assets are assets that lose value over time. Some assets are losing value at a rapid pace, while others are losing it more gradually.
It is essential to take depreciation into account when you compute your net worth and consider financial decisions. Depreciating assets can hurt your net worth badly.
Depreciation is one reason why some people think they are much more wealthy than they really are. And it can cause damage when they realize it!
In this article, we are going to talk about depreciating assets and what to do about them.
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