A piece of equipment is depreciated over 5-years.It costs $5000 and has a scrap value of $500.For the first 2-years,the straight line method is used.For the last 3-years,the constant percentage method is used with a depreciation rate of d.What value of d is needed?
A) 36.9%
B) 43.0%
C) 45.0%
D) 46.1%
Correct Answer:
Verified
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