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On federal income tax returns, self-employed people can depreciate the value of business equipment. Suppose a computer valued at $2765 depreciates at a rate of 30% per year. Estimate the number of years it will take for the computer's value to be less than $350.

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After 6 years and with a depreciation rate of 30%, the computer's book value would be less than $350.

User Chris Horner
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