Given the following data for construction equipment: Initial cost = P 1 200 000 Economic life = 12 years Salvage value = P 320 000 Determine the book value after 7 years using sinking fund method using 6% interest.

Given the following data for construction equipment: Initial cost = P 1 200 000 Economic life = 12 years Salvage value = P 320 000 Determine the book value after 7 years using sinking fund method using 6% interest.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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