A firm purchased some equipment at a very favor-able price
Chapter , Problem 6-12(choose chapter or problem)
A firm purchased some equipment at a very favor-able price of $30,000. The equipment resulted in anannualnetsavingof $1000per yearduring the 8 yearsit was used. At the end of 8 years, the equipment wassold for $40,000. Assuming interest at 8%, did theequipment purchase prove to be desirable?
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