A concrete bridge was constructed at a cost of P 1,500,000.00. Annual maintenance is P...
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Accounting
A concrete bridge was constructed at a cost of P 1,500,000.00. Annual maintenance is P 15,000.00 and to be repaired every 5 years' interval at a cost of P 240,000.00. If the bridge will be replaced at the end of its useful life of 25 years and money is worth 5% annually, calculate the capitalized cost
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