Salvage Value The number of years n for a piece of machinery to depreciate to a known

Chapter 6, Problem 89

(choose chapter or problem)

Salvage Value The number of years n for a piece of machinery to depreciate to a known salvage value can be found using the formula where s is the salvage value of the machinery, i is its initial value, and d is the annual rate of depreciation. (a) How many years will it take for a piece of machinery to decline in value from $90,000 to $10,000 if the annual rate of depreciation is 0.20 (20%)? (b) How many years will it take for a piece of machinery to lose ha

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