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12 July, 16:36

4. A piece of machinery valued at $2500

depreciates at a steady rate of 10%

yearly. The owner of the business plans

to replace the equipment when its

value has depreciated to $500. In how

many years will the equipment be

replaced?

+4
Answers (1)
  1. 12 July, 19:23
    0
    20 years would be my answer
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