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The equipment in a power station costs 850000 S and has a salvage value of Q5 7000 $ at the end of 30 years. Determine the depreciated value of the equipment at the end of 22 years on the following methods (1) Diminishing value method, (2) Sinking fund method at 6 % compound interest annually.

The equipment in a power station costs 850000 S and has a salvage value of Q5 7000 $ at the end of 30 years. Determine the depreciated value of the equipment at the end of 22 years on the following methods (1) Diminishing value method, (2) Sinking fund method at 6 % compound interest annually.

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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The equipment in a power station costs 850000 S and has a salvage value of Q5 7000 S at the end of 30 years. Determine the depreciated value of the equipment at the end of 22 years on the following methods (1) Diminishing value method, (2) Sinking fund method at 6 % compound interest annually.
Transcribed Image Text:The equipment in a power station costs 850000 S and has a salvage value of Q5 7000 S at the end of 30 years. Determine the depreciated value of the equipment at the end of 22 years on the following methods (1) Diminishing value method, (2) Sinking fund method at 6 % compound interest annually.
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