An air conditioner costing 14,760 depreciates to 600 at the end of 11 years. If interest on thebook value is 8%, find the periodic payment. (Annuity Method)O A. 1,983.48B. 2,031.48O c. 2,055.76D.1,876.98

Solution Given Cost of AC (PV) 14760 Residual value (FV) 600 Number of years 11…

Answered: An air conditioner costing 14,760…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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An air conditioner costing 14,760 depreciates to 600 at the end of 11 years. If interest on the book value is 8%, find the periodic payment. (Annuity Method) O A. 1,983.48 B. 2,031.48