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QUESTION
A tool and die company buys a machine for $175,000 and it depreciates at a rate of 30% per year.
A tool and die company buys a machine for $175,000 and it depreciates at a rate of 30% per year. (In other words, at the end of each year the depreciated value is 70% of what it was at the beginning of the year.) Find the depreciated value of the machine after 5 full years.
