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A buffing machine is costs P10,000. Its estimated scrap value is P1,000 after 10 years. Solve for the constant depreciation per year(d) with 7% interest rate.Use Sinking Fund Method

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter10: Capital Budgeting: Decision Criteria And Real Option

Section: Chapter Questions

Problem 3P

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A buffing machine is costs P10,000. Its estimated scrap value is P1,000 after 10 years. Solve for the constant depreciation per year(d) with 7% interest
rate.Use Sinking Fund Method

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