A contractor wants to buy a delivery van for P0.9 million and he can earn...
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A contractor wants to buy a delivery van for P0.9 million and he can earn 1,500 per day of delivery. The van has a salvage value of P100,000 a the end of its useful life of 5 years, the annual maintenance cost of P20,000. Using the annual cost method and 10% interest rate. Determine the number of days per year that the van must be used to warrant its purchase
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