Question
A plastic plant worth $ 216,915 had a useful life of 12 years and a scrap value of $ 11,744. However, after 3 years of
A plastic plant worth $ 216,915 had a useful life of 12 years and a scrap value of $ 11,744. However, after 3 years of operation, it got washed away by a tsunami, making it a total loss. How much money would have to be raised to put a new plant costing $ 263,306, if a fund reserve was maintained during its 3 years operation using a Sinking Fund method with an interest of 20%?
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CISA Certified Information Systems Auditor All In One Exam Guide
Authors: Peter H. Gregory
4th Edition
1260458806, 978-1260458800
