Tag Archives: Salvage value

What is the capital recovery cost for a machine costing $604,800 with a life of 12 years and a salvage value of 14% of the initial cost?

Finanace Question 110 pts What is the capital recovery cost for a machine costing $604,800 with a life of 12 years and a salvage value of 14% of the initial cost? The rate used by the firm is 10% per year compounded weekly. Group of answer choices $73,871 $74,706 $87,136 $108,748 Flag question: Question 2 […]