Question
Cooper Company has purchased equipment that requires annual payments of $19,000 to be paid at the end of each of the next 6 years.
Cooper Company has purchased equipment that requires annual payments of $19,000 to be paid at the end of each of the next 6 years. The discount rate is 12%. The present value of $1 for six periods at 12% is 0.507. The present value of an ordinary annuity of $1 for six periods at 12% is 4.111. What amount will be assigned to the equipment at the purchase date? (Round your final answer to the nearest dollar.)
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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