Hammond Zimmerman
10/25/2024 · Senior High School
Sarafina bought a hairdrying machine for her salon and after using it for six years, she discovered that the machine has lost \( 75 \% \) of its original value. Calculate the depreciation rate of the machine if depreciation is calculated on a straight line basis.
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The annual depreciation rate of the hairdrying machine is 12.5%.
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