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2 pts Question 46 Gato Company invested in a machine with a useful life of six years and no salvage value. The machine was depreciated
2 pts Question 46 Gato Company invested in a machine with a useful life of six years and no salvage value. The machine was depreciated using the straight-line method. It was expected to produce annual cash inflow from operations, net of income taxes, of P6,000. The present value of an ordinary annuity of P1 for six periods at 10% is 4.355. The present value of P1 for six periods at 10% is 0.564. Assuming that Gato used a time-adjusted rate of return of 10%, what was the amount of the original investment? P10,640 P26,130 P22,750 O P29,510
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