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HOW TO USE PV FORMULA TO FIND COST OF EQUIPMENT B IN PART ( g ) : On October 1 , 2 0 2 3

HOW TO USE PV FORMULA TO FIND COST OF EQUIPMENT B IN PART (g): On October 1,2023, Equipment B was acquired with a down payment of $4,000 and the remaining payments to be made in 10 annual installments of $4,000 each beginning October 1,2024. The prevailing interest rate was 8%.
Required:
Supply the correct amount for each answer box on the schedule.
Note: Round your intermediate calculations and final answers to the nearest whole dollar.
\table[[THOMPSON CORPORATION],[Fixed Asset and Depreciation Schedule],[For Fiscal Years Ended September 30,2023, and September 30,2024],[Assets,\table[[Acquisition],[Date]],Cost,Residual,\table[[Depreciation],[Method]],\table[[Estimated],[Life in Years]],\table[[Depreciation for Year],[Ended 930w to use PV formula to find the cost of Equipment B in part (g) :
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