Discussion
An asset costing 60 000 with a salvage of 20 000 after 3 years has, at 10 per cent, a capital recovery cost of about
Answer: D
Taking the first cost less salvage times the capital recovery factor and adding interest on the salvage gives 40 000 times 0.40211 plus 2000, that is 18 084. The equivalent form, 60 000 times 0.40211 less 20 000 times 0.30211, gives 18 085, which is the check.
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