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The cost of one type of garage (type A) is 12,000 and it has to be replaced every 8 years at the same cost. The
The cost of one type of garage (type A) is 12,000 and it has to be replaced every 8 years at the same cost. The cost of another garage (type B) is 15,000 and it has to be replaced every 16 years at the same cost. If money is worth 10% compounded annually, which type of garage is more expensive? (a) Type A (b) Type B The interest on an endowment of 120,000 is left to beneficiary A for the first 10 years, to beneficiary B for the next 25 years and to charity C thereafter. If it is assumed that the endowment will earn a 5% effective rate of interest, who gets the largest share? (a) Beneficiary A (b) Beneficiary B (c) Charity C A machine that was purchased for 3,500 has an estimated useful life of 6 years and a trade-in value of 100. Find the annual depreciation charges using the constant percentage method and construct a depre- ciation schedule. What is the accumulated depreciation after 4 years? Please enter the amount in rounded to the nearest integer
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