35. Data for a mine are as follows: Estimated probable output = 20,000 tons annually Time to exhaust property = 15 years Selling price of mine, smelted ore = P10 per ton Cost of operation of mine, smelter = P7.53 per ton Management cost, not included in the charge for depletion = P5000 annually Rate of Investment = 8% Sinking Fund Interest = 2.5% Determine the value of the mine after 15 years. Answer with text and/or attachments:

Introductory Circuit Analysis (13th Edition)
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ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:Robert L. Boylestad
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35. Data for a mine are as follows:
Estimated probable output 20,000 tons annually
Time to exhaust property 15 years
Selling price of mine, smelted ore = P10 per ton
Cost of operation of mine, smelter = P7.53 per ton
Management cost, not included in the charge for depletion = P5000 annually
Rate of Investment = 8%
Sinking Fund Interest = 2.5%
Determine the value of the mine after 15 years.
Answer with text and/or attachments:
Transcribed Image Text:35. Data for a mine are as follows: Estimated probable output 20,000 tons annually Time to exhaust property 15 years Selling price of mine, smelted ore = P10 per ton Cost of operation of mine, smelter = P7.53 per ton Management cost, not included in the charge for depletion = P5000 annually Rate of Investment = 8% Sinking Fund Interest = 2.5% Determine the value of the mine after 15 years. Answer with text and/or attachments:
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