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A piece of machinery valued at $250,000 depreciates at 12% per year by the fixed rate method. After how many years will the value have depreciated to 100,000

A piece of machinery valued at $250,000 depreciates at 12% per year by the fixed rate method. After how many years will the value have depreciated to 100,000
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A piece of machinery valued at $250,000 depreciates at 12% per year by the fixed rate method. After how many years will the value have depreciated to 100,000

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User Tiguchi
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1 Answer

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Answer:

6.7 years (approx)

Explanation:

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User Xiong
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