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Mathematics, 12.02.2021 14:00 ljwatts25

A man buys an apartment house for $500,000 as a tax shelter. He wants to depreciate the building at such a rate that it will be
worth only $250,000 after 8 years, when he will sell it.
a) What rate of depreciation should he claim on his income
tax form?
b) If he wanted to claim 12% depreciation per year, how long
would it take to depreciate to $250,000?

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