1. A certain company makes it the policy that for any new piece of equipment the annual depreciation cost should not exceed 10% of the original cost at any time with no salvage or scrap value. Determine the length of service life necessary if the depreciation method used is 
2. 
   
3. (a) the straight-line formula, 
4. 
   
5. (b) the sinking fund formula at 8%, and 
6. 
   
7. (c) the SYD method.

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To determine the length of service life necessary for the given depreciation methods we need to consider the conditions specified a Straightline formu... View the full answer