Accumulated depreciation is calculated by multiplying which of the following?

Accumulated depreciation is the total amount of depreciation that has been allocated to an asset over time. In the context of vehicles, the correct method for calculating accumulated depreciation involves taking the annual depreciation amount and multiplying it by the number of years the vehicle has been in use. This calculation allows appraisers to determine how much value a vehicle has lost due to age and usage over its lifespan.

By focusing on the number of years used, appraisers can accurately reflect the asset's current market value and its remaining useful life. This approach is standard in accounting practices when evaluating asset depreciation, ensuring clarity and consistency in assessing vehicle values.

Other options involve different calculations that do not align with the standard definition of accumulated depreciation. For instance, vehicle mileage may contribute to wear and tear but does not directly account for the time value of the vehicle. Replacement costs or repair costs relate to the vehicle's value or maintenance rather than depreciation specifically tied to the duration of ownership. Thus, the option regarding the number of years used aligns perfectly with the definition and calculation method of accumulated depreciation in automotive appraisal.