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A lathe machine was purchased 12 years ago for P50,000. As the life of the machine was 20 years, a straight line depreciation reserve has been providedIt can sell the old unit for P15,000. The new machine will cost P75,000. Determine the new capital required to buy the new machine

A lathe machine was purchased 12 years ago for P50,000. As the life of the machine was 20 years, a straight line depreciation reserve has been providedIt can sell the old unit for P15,000. The new machine will cost P75,000. Determine the new capital required to buy the new machine

Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
Section: Chapter Questions
Problem 6RQ
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A lathe machine was purchased 12 years ago for P50,000. As the life of the machine was 20 years, a straight line depreciation reserve has been providedIt can sell the old unit for P15,000. The new machine will cost P75,000. Determine the new capital required to buy the new machine
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