A water filtration system in an industrial process was purchased in 2014 for $250,000. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index?(3.3) Year Index Year Index 2014 220 2017 257 2015 238 2018 279 2016 247 2019 298
A water filtration system in an industrial process was purchased in 2014 for $250,000. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index?(3.3) Year Index Year Index 2014 220 2017 257 2015 238 2018 279 2016 247 2019 298
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 7MC
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A water filtration system in an industrial process was purchased in 2014 for $250,000. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index?(3.3)
Year Index Year Index
2014 220 2017 257
2015 238 2018 279
2016 247 2019 298
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