need the answer for question 2 only 1- A machine has a basic cost of 7000 and a market value of 5000 at the end of year 6. Ifi-5%. What isthe capital recovery (CR) of the machine?a) 791b) 644c) 497d) 900e) 820* Return to the above question. If the CR value is s800, what is the market value of this machine at theend of year 3 instead of year 6?a) 6497.6b) 7361.3c) 5440.6d) 5633.8e) 6681

Market value refers to the concept of evaluating the price of an asset as per the current market…

Answered: 2- Return to the abov end of year 3…

Business

Accounting

2- Return to the abov end of year 3 instr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

need the answer for question 2 only

1- A machine has a basic cost of 7000 and a market value of 5000 at the end of year 6. Ifi-5%. What is
the capital recovery (CR) of the machine?
a) 791
b) 644
c) 497
d) 900
e) 820
* Return to the above question. If the CR value is s800, what is the market value of this machine at the
end of year 3 instead of year 6?
a) 6497.6
b) 7361.3
c) 5440.6
d) 5633.8
e) 6681

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