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A manufacturing plant installed a new boiler at a total cost of P 1 5 0 , 0 0 0 and is estimated to have

A manufacturing plant installed a new boiler at a total cost of P150,000 and is estimated to have a useful life of 10 years with the scrap value of P5,000. Annual maintenance cost is P10,000. If interest is 12% compounded annually, determine its capitalized cost.
The answer should be P302,189.20

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