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10 cards from this deck
Asset loses value by same % each period
S=V0(1−r)nS = V_0(1 - r)^nS=V0(1−r)n
Salvage/current/book value
Purchase price at n=0n = 0n=0
Depreciation rate (as decimal)
Number of time periods
0.25 (divide by 100)
Compound interest in reverse
Decreases (% applies to reduced value)
Use root (root matches power)
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