USE OF ALTERNATIVE DEPRECIATION METHODS TO ESTIMATE FARM TRACTOR VALUES
Troy J. Dumler,
Burton, Robert O., and
Terry L. Kastens
No 21800, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
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.
Keywords: Farm Management; Financial Economics (search for similar items in EconPapers)
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