A plastic plant worth $ 242800 had a useful life of 11 years and a scrap...
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A plastic plant worth $ 242800 had a useful life of 11 years and a scrap value of $ 17276. However, after 3 years of operation, it got washed away by a tsunami, making it a total loss. How much money would have to be raised to put a new plant costing $ 258165, if a fund reserve was maintained during its 3 years operation using the Sum of the Years' Digit method? A plastic plant worth $ 242800 had a useful life of 11 years and a scrap value of $ 17276. However, after 3 years of operation, it got washed away by a tsunami, making it a total loss. How much money would have to be raised to put a new plant costing $ 258165, if a fund reserve was maintained during its 3 years operation using the Sum of the Years' Digit method?
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