On January 1, 2012, Manila Company purchased a machine under the following terms:     a.  100,000  downpayment     b. four annual payments of P200, 000, the first installment  to be paid on December 31,         2012 The fair value of the machine is not clearly determinable on the date of acquisition. The prevailing rate of interest for this type of obligation is 10%. The present value factors at 10% for four periods are: Present value of 1                          .683 Present value of ordinary annuity of 1             3.170 Required: How much is the cost of the machine

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.