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A five-year-old gadget has a current book value of $203,000. It has been observed that the gadget loses it value over time in a manner that can be best captured through the use of the declining-balance method. The depreciation rate was estimated to be 0.31. What was the original price? What will be the book value in two years from now?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91234895

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