The company purchased equipment under a deferred payment contract-- 40,000 downpayment and 30 semiannually payment of 5,000. (Assume a 12% interest rate.)
Find the acquisition cost of equipment.
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Answer:
the acquisition cost of equipment. is $5403.6
Explanation:
Acquisition cost = (Expenses related to the acquisition + cost of acquisition) - (taxes + depreciation + amortization + impairment costs)
40,000 + 30 + 5,000.
45030
12% = 12/100 * 45030
540360 / 100
5403.6
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