Question
The salvage value on a piece of equipment for Excavators, Inc. is expected to be $10,000 in 12 years. If the discount rate is 8%,
The salvage value on a piece of equipment for Excavators, Inc. is expected to be $10,000 in 12 years. If the discount rate is 8%, what is the present value of the equipment's salvage value?
A : $3,971
B : $4,039
C : $3,220
D : $3,168
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Cloud 9 Pty Ltd An Audit Case Study
Authors: John Wiley
1st Edition
0730329879, 978-0730329879
