Homework Answers
Ans - $14780 (Option 'D')
Net cost at the end of 3rd year = (Cost of asset + Interest on
loan - Salvage value)
=> [$14000 + ($14000 X 9% X 3 years) - $3000]
=> ($14000 + $3780 - $3000)
=> $14780 (Ans)
(If there are any questions, kindly let me know in comments. If the solution is to your satisfaction, a thumbs up would be appreciated. Thank You)
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