A contractor imported a bulldozer paying 250,000 to the manufacturer. Freight and insurances cost 18,0000; broker's fee and taxes amounted to 33,500. If the contractor estimates the life of bulldozer to be 10 years with a salvage value of 20,000. determine the book vale at the end of 6 years using straight line and sinking formula at 8%. Ans: USE 2 decimal places, no comma. Ex: 123400.50 Book value@6 years using straight line is Blank 1 Book value@6 years using sinking fund is Blank 2

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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A contractor imported a bulldozer paying 250,000 to the manufacturer. Freight and insurances cost 18,0000; broker's fee and taxes
amounted to 33,500. If the contractor estimates the life of bulldozer to be 10 years with a salvage value of 20,000. determine the
book vale at the end of 6 years using straight line and sinking formula at 8%.
Ans: USE 2 decimal places, no comma. Ex: 123400.50
Book value@6 years using straight line is Blank 1
Book value@6 years using sinking fund is Blank 2
Transcribed Image Text:A contractor imported a bulldozer paying 250,000 to the manufacturer. Freight and insurances cost 18,0000; broker's fee and taxes amounted to 33,500. If the contractor estimates the life of bulldozer to be 10 years with a salvage value of 20,000. determine the book vale at the end of 6 years using straight line and sinking formula at 8%. Ans: USE 2 decimal places, no comma. Ex: 123400.50 Book value@6 years using straight line is Blank 1 Book value@6 years using sinking fund is Blank 2
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