Kt labs bought a gene gun for 25000 the accounting, Ask an Expert

Economics

K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would have an annualized capital cost of $3,880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm's interest rate is known to be 10%.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91372485

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