3.A machine was purchased for $8,000, with an estimated useful life of10 years, and it has a scrap value of $241,000 and rate of interest = %10.%3DCalculate the following:The book value at the end of theseventh year using sinking fundmethod. *O 3,833O4,8333,9333.

The value that remains with a company at the end of a specific period can be calculated using this…

A machine was purchased for $ 8,000, with an estimated useful life of 10 years, and it has a scrap value of $ 1,000 and rate of interest = %10. Calculate the following: The book value at the end of the seventh year using sinking fund method. 3,833 4,833 3,933

A machine was purchased for $ 8,000, with an estimated useful life of 10 years, and it has a scrap value of $ 1,000 and rate of interest = %10. Calculate the following: The book value at the end of the seventh year using sinking fund method. 3,833 4,833 3,933

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3.
A machine was purchased for $
8,000, with an estimated useful life of
10 years, and it has a scrap value of $
24
1,000 and rate of interest = %10.
%3D
Calculate the following:
The book value at the end of the
seventh year using sinking fund
method. *
O 3,833
O4,833
3,933
3.

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