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1. Using the sinking fund method and assuming that the rate of interest is 8%, prepare a depreciation schedule for an asset worth $42,000, dropping to $4,300 in 5 years.

2. Find the composite rate of depreciation for a local firm's equipment, which cost $500,000 with an annual depreciation estimated at $85,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92061809

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