Question
A company buys a color printer that will cost $32,000 to buy, and last 5 years. It is assumed that it will require servicing costing
A company buys a color printer that will cost $32,000 to buy, and last 5 years. It is assumed that it will require servicing costing $1,000 each year. What is the equivalent annual annuity of this deal, given a cost of capital of 8%?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
