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An asset was purchased 6 years ago for $ 1 6 0 , 0 0 0 with an expected salvage value of $ 1 5

An asset was purchased 6 years ago for $160,000 with an expected salvage value of $15,000 in 4 years. Compare the declining balance and straight-line approaches to calculating depreciation by finding the difference in this year's depreciation value using the two techniques. For the declining balance, find the depreciation rate using d =1/N. The solution is within $25 of which of the following

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