A machine,with an original cost of $28,000,depreciates to $4000 over 20 years.If the constant percentage method of depreciation is used,what is the earliest year end where the machine will be depreciated to less than half of its original value? (Round up the answer to the nearest whole number)
A) 9 years
B) 8 years
C) 5 years
D) 6 years
Correct Answer:
Verified
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