SOLUTION: How to calculate depreciation % with just salvage value of $200. and 5 years?

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Question 1064155: How to calculate depreciation % with just salvage value of $200. and 5 years?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
You need the initial purchase price.
(Initial price-salvage value)/5 years = depreciation rate, divide by 100 to get % depreciation rate.