Question

Calculate the cash price of
an Asset from the following:

$ 3000 paid at the time of agreement

1) $ 21,600 paid at the time of first year
2) $ 20,700 paid at the time of second year
3) $ 19,900 paid at the time of third year
4) $ 18,900 paid at the time of fourth year

Rate interest in 5% pa.
Rate of depreciation 25% pa.

solve in straight line method ​

Answer 1

2) $ 20,700 paid at the time of second year

Answer 2

Explanation:

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