USE OF ALTERNATIVE DEPRECIATION METHODS TO ESTIMATE FARM TRACTOR VALUES

Dumler,   Troy J.; Burton,   Robert O; Jr.; Kastens,   Terry L.

USE OF ALTERNATIVE DEPRECIATION METHODS TO ESTIMATE FARM TRACTOR VALUES

2000

Dumler, Troy J. | Burton, Robert O | Jr. | Kastens, Terry L.

Six depreciation methods were used to simulate the value of farm tractors with indexed and expected prices. Accuracy of simulated values was evaluated using paired t-tests of mean absolute percentage errors and forecast accuracy regression models. Results varied with age and use. Some depreciation methods were more accurate than others.

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