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A physical asset with original purchase price of $ 14,648 was depreciated using straight line depreciation. It was calculated that this method produced salvage value
A physical asset with original purchase price of $ 14,648 was depreciated using straight line depreciation. It was calculated that this method produced salvage value of $ 2,878 after 5 years. If instead the declining balance depreciation was used, what depreciation rate would make the depreciation amount in year 2 to be the same under those two methods?
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