Question: ON APRIL 1,YEAR 1,ISMAIL BERHAD PURCHASED A FORKLIFT BY PAYING RM 15000 AT THE BEGINING OF EACH OF THE NEXT 12 CALENDAR QUARTERS. WHAT IS

ON APRIL 1,YEAR 1,ISMAIL BERHAD PURCHASED A FORKLIFT BY PAYING RM 15000 AT THE BEGINING OF EACH OF THE NEXT 12 CALENDAR QUARTERS. WHAT IS THE COST OF THE FORKLIFT FOR FINANCIAL ACCOUNTING PURPOSES IF THE RATE OF THE INTEREST AGREED UPON WAS 16% COMPOUNDED QUARTELY?

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