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Solve the problem. A manufacturer bought a milling machine for $300,000. It has a scrap...

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Finance

Solve the problem. A manufacturer bought a milling machine for $300,000. It has a scrap value of $88,000. The useful life can range from 5 to 10 years. The manufacturer wants to show no more than $21,701 per year in depreciation. How many years (integer) should be used for its life?

Group of answer choices

10 years

9 years

11 years

8 years

Answer & Explanation Solved by verified expert
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