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A company purchased office equipment for $ 5 6 0 0 0 and estimated a salvage value of $ 8 0 0 0 at the

A company purchased office equipment for $56000 and estimated a salvage value of $8000 at the end of its 8-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is (Round answer to 1 decimal place, e.g. 15.2.)

2.5%.

8.0%.

12.5%.

25.0%

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