The cost of a machine is $100,000 and its effective life is 12 years. If the scrap realizes only $5,000, what amount should be retained out of profits at the end of each year to accumulate at C.I. at 5% p.a.?
The cost of a machine is $100,000 and its effective life is 12 years. If the scrap realizes only $5,000, what amount should be retained out of profits at the end of each year to accumulate at C.I. at 5% p.a.?
