SOLUTION: a ski boat that cost $27,600 when new will have no salvage value after 12 years. Find its annual rate of depreciation

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Question 429673: a ski boat that cost $27,600 when new will have no salvage value after 12 years. Find its annual rate of depreciation
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

 annual rate of depreciation = $27,600/12 = $2300 per year