The monetary value of an asset is depreciated from 15,000 to 8,000 over five years...
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Finance
The monetary value of an asset is depreciated from 15,000 to 8,000 over five years in monthly stages, using the reducing balance method. What is the monthly depreciation rate?
Answer as a percentage rate and to two decimal places
Select one:
a.
1.01%
b.
1.02%
c.
1.03%
d.
1.04%
e.
None of the above
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