Depreciation and Your New Car. You just bought a new car for $23,000. After a year, you decide that you need a slightly bigger car. But when you think about selling it, you can only get $19,000 for...

Depreciation and Your New Car. You just bought a new car for $23,000. After a year, you decide that you need a slightly bigger car. But when you think about selling it, you can only get $19,000 for it. This is depreciation. Describe several reasons why your car has depreciation in value.