Machine 1 costs X, has a salvage value of X/8, and is to be depreciated over 10 years using declining balance method. Machine 2 costs Y, has a salvage value of X/8, and is depreciated over 10 years...

Extracted text: Machine 1 costs X, has a salvage value of X/8, and is to be depreciated over 10 years using declining balance method. Machine 2 costs Y, has a salvage value of X/8, and is depreciated over 10 years using the SOYD method. The total amount of the depreciation in the first seven years for Machine 1 is equal to the total amount of depreciation in the first seven years for Machine 2. Calculate the value of Y/X. (EXPRESS YOUR ANSWER IN 4 DECIMAL PLACE). *ANSWER: 0.9856