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A man is depreciating a panel truck purchased for $36,140. He will use double-declining-balance and depreciate over nine years. What is the yearly double-declining-balance rate
A man is depreciating a panel truck purchased for $36,140. He will use double-declining-balance and depreciate over nine years. What is the yearly double-declining-balance rate rounded to the nearest ten-thousandths and the first year's depreciation? Double-declining-balance rate = (Round to the nearest ten-thousandth as needed.) First year's depreciation =$ (Round to the nearest cent as needed.)
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