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WebHousehold contents are generally given a market value. This means they are valued at a price that someone would reasonably pay for second-hand goods in the marketplace. For example, how much money someone would pay for the item if … Web7 aug. 2024 · First, subtract the salvage value of your furniture from the cost of the furniture when it was new. Then divide it by the useful life of the furniture. You’ll be left with the depreciation value of your furniture per year. Here’s a quick example: You bought an office chair for $500 and the salvage value at the end of its useful life is $50. mankato rental party
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