The buying price of a shovel was 100,000$, the annual cost of maintenance was 0,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of eriod is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?

The buying price of a shovel was 100,000$, the annual cost of maintenance was 0,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of eriod is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 5PB: Mason, Inc., is considering the purchase of a patent that has a cost of $85000 and an estimated...

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The buying price of a shovel was 100,000$, the annual cost of maintenance was
30,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of
period is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?

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