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Determine the minimum length of service life

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A certain company makes it a policy that for any new piece of equipment, the annual depreciation cost should not exceed 10% of the First Cost while the Salvage Value is 20% of the First Cost. Determine the minimum length of service life in years (n ), necessary, if the depreciation method used is: SLM, DBM and DDBM.

Reference no: EM133134176

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