Question
A product costing 66,500 has been depreciated as follows; 17% in the first year 13% for the next 9 years 8% thereafter What is it's
A product costing 66,500 has been depreciated as follows;
17% in the first year
13% for the next 9 years
8% thereafter
What is it's value after fifteen years, correct to the nearest pound with no sign?
Answer:
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
