Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $82500 and a maintenance cost of $2800 once every 4.00 years. Use an interest rate of 13.00% per year. (Include a minus sign if necessary.) The capitalized cost is $

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter9: Capital Budgeting And Cash Flow Analysis
Section9.A: Depreciation
Problem 2P
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Determine the capitalized cost of a permanent roadside historical marker that has a first cost of
$82500 and a maintenance cost of $2800 once every 4.00 years. Use an interest rate of 13.00%
per year. (Include a minus sign if necessary.)
The capitalized cost is $
Transcribed Image Text:Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $82500 and a maintenance cost of $2800 once every 4.00 years. Use an interest rate of 13.00% per year. (Include a minus sign if necessary.) The capitalized cost is $
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