The simile in the passage emphasizes the damage to the car after falling down the elevator shaft.
The effect of the bolded simile in the passage is that it emphasizes how damaged the car was after falling down the elevator shaft. Instead of directly stating the extent of the car's damage, the simile comparing it to a discarded accordion vividly conveys the severity of the situation. This comparison adds depth to the scene and helps readers visualize the wreckage accurately.
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