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Raphizan Inc. purchased equipment for $200,000 on January 1, 2020. The equipment is expected to have a life of 13 years and a residual value
Raphizan Inc. purchased equipment for $200,000 on January 1, 2020. The equipment is expected to have a life of 13 years and a residual value of $15,000.
Calculate the allocation percentage used for 2020 using the sum-of-years'-digits method (Please round answer to one decimal place expressed as a percentage, i.e. 0.285714 should be entered as 28.6).
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