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How was the 11 calculated? A piece of equipment is purchased for $120000 and has an estimated salvage value of $15000 at the end of

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How was the 11 calculated?

A piece of equipment is purchased for $120000 and has an estimated salvage value of $15000 at the end of the recovery period. If the annual depreciation for the equipment is $10000, what will be the recovery period in the number of years? Answer: for 7 X (11)

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