Engineering, 25.07.2020 01:01 cameronchilders

The information of an asset is given below. If the asset will be needed for 6 years, what would the salvage value of the end of 6 years have to be, for the annual worth to be the same as it is for one life cycle of the asset? Use an interest rate of 10% per year. Assest Information
First Cost $ -18,000 -18,000
Annual Cost/ year -11,000 -11,000
Salvage value 4000 ?
Life, years 4 6

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The information of an asset is given below. If the asset will be needed for 6 years, what would the...

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