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Latch Inc just purchased a drilling rig for $3,194 and will depreciate the equipment to 745 over the next 18 years using straight-line depreciation. Find
Latch Inc just purchased a drilling rig for $3,194 and will depreciate the equipment to 745 over the next 18 years using straight-line depreciation. Find the cash flow from capital spending at the time of purchase.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive or negative number rounded to 2 decimal places (###.##)
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