An item costs $40000. A business will need to replace this item every 7 years at the same cost, but the item has a trade
An item costs $40000. A business will need to replace this item every 7 years at the same cost, but the item has a trade in value of $2000. If money is worth 7.75% compounded annually, state the capitalized cost of this item. Use standard rules of rounding.
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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
