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c) If the value of timber is the following increasing function of time: V=2 Expressed in units of Rs. 1000. Assuming a discount rate
c) If the value of timber is the following increasing function of time: V=2 Expressed in units of Rs. 1000. Assuming a discount rate of r and also assuming zero upkeep cost during the period of timber growth, what is the optimal time to cut the timber for sale? Calculate optimal time for r = 5%
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
