The buying price of a shovel was 100,000$, the annual cost of maintenance was 0,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of eriod is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The buying price of a shovel was 100,000$, the annual cost of maintenance was
30,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of
period is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?
Transcribed Image Text:The buying price of a shovel was 100,000$, the annual cost of maintenance was 30,000$ for 20 years, the interest was 10% and the salvage value of the shovel at the end of period is equal zero. Find the total cost of the shovel at the beginning? (Draw Cash Flow)?
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