Did the equipment purchase prove to be desirable

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Reference no: EM131618044

A firm purchased some equipment at a very favorable price of $40 000. The equipment resulted in an annual net saving of S1000 per year for 8 years. At the end of 8 years, the equipment was sold for S 40 000 Assuming interest at 8%, did the equipment purchase prove to be desirable?

Reference no: EM131618044

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