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average useful life mining equipment

Mar 04, 2009· For example, if the City bought a piece ofequipmentfor $100,000 and it had a 20-year anticipatedlife, Hogan said, he would divide the purchase price by the number of years he planned to keep the unit. The calculation would provide an annual depreciation amount. Hogan then would divide that annual depreciation by 12 for the monthly depreciation

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