a) A buyer pays 23,000 for a washing machine at a 10 % discount, compute the original price of the machine

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Question two (financial mathematics)
a) A buyer pays 23,000 for a washing machine at a 10 %
discount, compute the original price of the machine
b) A motor vehicle is purchased for ugx 15,000,000 and is
to be sold off after 5 years. What is the scrap value if the
depreciation rate is 9 per cent per annum?
Transcribed Image Text:Question two (financial mathematics) a) A buyer pays 23,000 for a washing machine at a 10 % discount, compute the original price of the machine b) A motor vehicle is purchased for ugx 15,000,000 and is to be sold off after 5 years. What is the scrap value if the depreciation rate is 9 per cent per annum?
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