A plant erected to manufacture socks has a first cost of P 10,000,000 with an estimated salvage

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A plant erected to manufacture socks has a first cost of P 10,000,000 with an estimated salvage value of P 100,000 at the end of 25 years. Find its appraised value to the nearest P 100 by the sinking fund method, assuming an interest rate of 6% at the end of 10 years.

Posted Date: Dec 05, 2021 09:34 PM

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A plant erected to manufacture socks has a first cost of P 10,000,000 with an estimated salvage

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Given Fixat cont of P 1000000o Estimated salv... View the full answer

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