A firm purchased 12-years ago a computerized machine worth P 758,852. As the life of...
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A firm purchased 12-years ago a computerized machine worth P 758,852. As the life of the machine was 20 years, funds are reserved based on a Sinking-Fund method of depreciation. Now the firm wishes to replace it with a current model possessing several advantages. The firm can sell it today for P 98,802. The new machine will cost P 1,092,904. How much new capital will be required to make the purchase? Assume interest to be 24% cpd-annually
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