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An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the book value at the end of 13 years using declining balance method Determine the book value at the end of 13 vears using double declining balance method Determine the book value at the end of 13 vears using sinking fund method having 12% interest Determine the book value at the end of 13 years using SYD method

An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the book value at the end of 13 years using declining balance method Determine the book value at the end of 13 vears using double declining balance method Determine the book value at the end of 13 vears using sinking fund method having 12% interest Determine the book value at the end of 13 years using SYD method

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the book value at the end of 13 years using declining balance method Determine the book value at the end of 13 vears using double declining balance method Determine the book value at the end of 13 vears using sinking fund method having 12% interest Determine the book value at the end of 13 years using SYD method
Transcribed Image Text:An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the book value at the end of 13 years using declining balance method Determine the book value at the end of 13 vears using double declining balance method Determine the book value at the end of 13 vears using sinking fund method having 12% interest Determine the book value at the end of 13 years using SYD method
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