Question
The company purchased equipment under a deferred payment contract-- P40,000 down payment and 30 semiannual payments of P5,000. (Assume a 12 percent interest rate.). Use
The company purchased equipment under a deferred payment contract-- P40,000 down payment and 30 semiannual payments of P5,000. (Assume a 12 percent interest rate.). Use 4-decimal present value factor. Determine the cost of the equipment.
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
