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Question 16 Assume that a new piece of equipment costs $75,000. If it depreciates at...

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Question 16 Assume that a new piece of equipment costs $75,000. If it depreciates at an effective rate of 20% each year, what will the equipment be worth in 4 yrs? 6 yrs? (Round to the nearest cent; do not put commas in your answer.)

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