Mathematics, 10.03.2020 19:25 landoncardenp8iqvl
An asset was purchased for $52,000 with the anticipation that it would serve for 12 years and be worth $6000 as scrap. After 5 years of operation, the asset was sold for $18,000. The interest rate is 14%a. What was the anticipated annual equivalent cost of the asset?
b. What was the actual annual equivalent cost of the asset?
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