A new engine was installed by a textile plant at a cost of P388,000 and projected to have a useful life of 12 years. At the end of the useful life, it is estimated to have a salvage value of 37,000. Determine the annual cost if interest is 14% compounded semi-annually. Express your answer in whole number.

A new engine was installed by a textile plant at a cost of P388,000 and projected to have a useful life of 12 years. At the end of the useful life, it is estimated to have a salvage value of 37,000. Determine the annual cost if interest is 14% compounded semi-annually. Express your answer in whole number.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section9.A: Depreciation

Problem 1P

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