A new engine was installed by a textile plant at a cost of P 300,000 and projected to have a useful life of 15 years. At the end of its useful life, it is estimated to have a salvage value of X pesos. Determine the value of X if th capitalized cost is P 325,000. Interest rate is 18% compounded annually. P 24,656 P 29,656 P 28,656 P 25,656

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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A new engine was installed by a textile plant at a cost of P 300,000 and
projected to have a useful life of 15 years. At the end of its useful life, it is
estimated to have a salvage value of X pesos. Determine the value of X if the
capitalized cost is P 325,000. Interest rate is 18% compounded annually.
P 24,656
P 29,656
P 28,656
P 25,656
Transcribed Image Text:A new engine was installed by a textile plant at a cost of P 300,000 and projected to have a useful life of 15 years. At the end of its useful life, it is estimated to have a salvage value of X pesos. Determine the value of X if the capitalized cost is P 325,000. Interest rate is 18% compounded annually. P 24,656 P 29,656 P 28,656 P 25,656
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