A certain machinery costs P 50,000, last 12 years with a salvage value of P 5,000. Money is worth 5%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction? 2,827.14 20,721.12 3,750.00 15,621.75 34,378.25 29,278.88
A certain machinery costs P 50,000, last 12 years with a salvage value of P 5,000. Money is worth 5%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction? 2,827.14 20,721.12 3,750.00 15,621.75 34,378.25 29,278.88
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A certain machinery costs P 50,000, last 12 years with a salvage value of P 5,000. Money is worth 5%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction?
2,827.14
20,721.12
3,750.00
15,621.75
34,378.25
29,278.88
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