What was the cost of the machine, Accounting Basics

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What was the cost of the machine

A machine is purchased by making payments of $5,000 at the beginning of each of the next five years. The interest rate was 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine?

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Accounting Basics: What was the cost of the machine

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The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine?

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Accounting Basics: What was the cost of the machine

Reference No:- TGS087693

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Metabolism reliable as evidence of dinosaur metabolism

Q : What amount should nott report as interest expense

Q : Explain the worst possible reports from a system

Q : The yield of enzyme is greater than 80%

Q : What was the cost of the machine

Q : Discount or premium on issuance of bonds

Q : The obesity epidemic in children continues to rise

Q : Determine the cost of timber sold related to depletion

Q : What is her total tax liability in 2010

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the cost of the machine

Reference No:- TGS087693

Recent Questions Asked Accounting Basics

Q : Metabolism reliable as evidence of dinosaur metabolism

Q : What amount should nott report as interest expense

Q : Explain the worst possible reports from a system

Q : The yield of enzyme is greater than 80%

Q : What was the cost of the machine

Q : Discount or premium on issuance of bonds

Q : The obesity epidemic in children continues to rise

Q : Determine the cost of timber sold related to depletion

Q : What is her total tax liability in 2010

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