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Problem 2 (10 pts) A new press brake costs York Steel $780 000. It is expected to last 20 years, with a $60 000 salvage

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Problem 2 (10 pts) A new press brake costs York Steel $780 000. It is expected to last 20 years, with a $60 000 salvage value. What rate of depreciation for the declining-balance method will produce a book value after 20 years that equals the salvage value of the press

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