Pelican's cost of capital is $2\%.$ Pelican will depreciate the asset over its useful life using the straight$-$line method. The asset has no residual value.

Future Value of $$1$ table

Future Value of an Ordinary Annuity table

Euture Value of an Annuitv Due tabls.

Present Value of $$1$ table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table

Read the requirements.

Begin by journalizing the cash investment in the plant asset.