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Question - Mr Naidu wishes to endow a scholarship of $ 5 000 per year for the next 15 years. The scholarship will be paid out of a trust fund at the end of each year, with the first payment occurring one year from now. How much would Mr Naidu need to donate to the trust fund today if it is expected to earn 7% pa?
A. $45,535.50
B. $91,285.46
C. $80,250.00
D. $75000.00
What is the cost of the asset being depreciated? What amount, if any, was used in the depreciation calculations for the salvage value of this asset?
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Pierson Corporation owned 10,000 shares of Hunter Corporation. These shares were purchased in 2007 for $90,000. On November 15, 2011, Pierson declared a property dividend of one share of Hunter for every ten shares of Pierson held by a stockholder. W..
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