What is the initial cost of a machine with a life of 8 years that has a salvage value of $99,500 and a capital recovery cost of $65,000 per year?
Finance 1. 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 2. What is the initial cost … Read more