A consortium of international telecommunication companies contracted for the purchase and installation of fiber optic cable linking Manila and Cebu City at a total cost of P960M. This amount includes freight and installation charges estimated at 10% of the above contract price. If the cable shall be depreciated over a period of 15 years with zero salvage value and money is worth 6% per annum, what is the annual depreciation charge (d)? 3.
A consortium of international telecommunication companies contracted for the purchase and installation of fiber optic cable linking Manila and Cebu City at a total cost of P960M. This amount includes freight and installation charges estimated at 10% of the above contract price. If the cable shall be depreciated over a period of 15 years with zero salvage value and money is worth 6% per annum, what is the annual depreciation charge (d)? 3.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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