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Balance Depreciation - how many years?
Hi!
I need a formula that could calculate how many years it will take for a balanced depreciation to reach a certain target. My example I but a machine for $1.000. It's depreciated with 10% of it's balance annually. The end value is $1500. How many years will it take before it reaches this level? Best regards and thanks in advance for your help! Ricard |
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