Examveda
Examveda

ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method.

A. 7 eyars

B. 8 years

C. 9 years

D. 10 years

Answer: Option C


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