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What is the book value after five years

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Question 1: A marketing company established a program to replace the cars of its sales representatives at the end of every 5 years. If the present price of the approved type of car is P520,000.00 with a resale value at the end of 5 years of 60% its present value, how much money must the company accumulate for 5 years if inflation annually is 10%. Release value will also appreciate at 10% yearly.

Question 2: In year zero, you invest P10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much, in terms of year zero will be in the account at maturity?

Question 3: An engineer bought an equipment for P500,000. Other expenses including installations amounted to P30,000. At the end of its estimated useful life of 10 years, the salvage value will be 10% of the first cost. Using straight line method of depreciation, what is the book value after 5 years?

Reference no: EM132493627

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