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

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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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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