A certain machinery costs Php60,000, last 12 years with a salvage value of Php5,000. Money is worth 4% for SFM. 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?

A certain machinery costs Php60,000, last 12 years with a salvage value of Php5,000. Money is worth 4% for SFM. 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?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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