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If a piece of equipment cost 21,000 new and the equipment was worth 75% of its new value after 4 years what is its salvage value after 10 years

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assuming straight-line depreciation, then it will have lost

(10/4)(.25) = .625 = 5/8 of its value

So, it will be worth 3/8 of 21000 or $7875

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