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10 cards from this deck
Asset loses value by same % each period
Decreases while % stays constant
S=V0(1−r)nS = V_0(1 - r)^nS=V0(1−r)n
Salvage/current/book value
Purchase price (initial value)
Depreciation rate per period (decimal)
Number of time periods
Divide by 100
Rearrange: V0=S(1−r)nV_0 = \frac{S}{(1-r)^n}V0=(1−r)nS
Take nnnth root, solve for rrr
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