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A bridge is built for $5,000,000 and will have maintenance costs of $100,000 per year. At six percent interest, what is the capitalized cost of
A bridge is built for $5,000,000 and will have maintenance costs of $100,000 per year. At six percent interest, what is the capitalized cost of perpetual service?
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
