Part 2 - Question 2: Please I need a professional answer, not by handwriting. -------------------------------------------------------------------------------...
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Accounting
Part 2 - Question 2:
Please I need a professional answer, not by handwriting.
2) Fred's Widget Company has purchased $500,000 in equipment, which can be sold for a salvage value of $300,000 at any time. The best interest rate on alternative investments is 5%. What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
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