- 04/30/2019 at 7:23 am #726789EduGorillaKeymasterSelect Question Language :
Ranjeet procured equipment worth $64000 for his company. The claimed life of the machine was 40 years. After the period of the life of the equipment, the value of the equipment is $16000. Assume that the depreciation was considered by the diminishing balance method. Find the % decrease in the value of the equipment after the end of the first year.
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