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Explain how to get the monthly rate like I have no idea. Calculate: Monthly Rate

The monthly rate of depreciation is about 1.05%.

User Lejuan
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1 Answer

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Step by step explanation:

1. First subtract the asset's salvage from the cost value.

2. Than you are able to determine the amount that can be depreciated.

3. Divide this amount by the number of years the assets are useful for.

Hope this helps, let me know if you need anything else.

User Terrell
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