Ten years ago, Centre Manufacturing paid $125,000 for equipment. The equipment is only worth $20,500 today....

 

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Ten years ago, Centre Manufacturing paid $125,000 for equipment. The equipment is only worth $20,500 today. Using declining balance depreciation, determine how much the equipment depreciated in the first year. Hint: Find the depreciation rate first, and do not round the rate. O $20,673.56 O $104,326.44 O $114,550.00 O $10,450.00 Ten years ago, Centre Manufacturing paid $125,000 for equipment. The equipment is only worth $20,500 today. Using declining balance depreciation, determine how much the equipment depreciated in the first year. Hint: Find the depreciation rate first, and do not round the rate. O $20,673.56 O $104,326.44 O $114,550.00 O $10,450.00

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SOLUTION ANSWER Option 1 2067356 WORKING Declining ... View the full answer