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
Problem 1PS
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Transcribed Image Text:2. The purchased price of the equipment is P12,000
and its estimated maintenance costs are P500 for the
fırst year, P1,500 for the second year, and P2,500 for
the third year. After three years of use the equipment
is replaced, it has no salvage value. Compute the
present equivalent cost of the equipment using 10%
interest. (capitalized cost)
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