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What is the capital recovery cost for a machine costing $604,800 with a life of...

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Accounting

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

Answer & Explanation Solved by verified expert
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