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A certain machinery costs 50,000php, lasts 12 years with salvage value of 5000php. Money is worth 5%. If the owner decides to sell it after using it for 5 years. What should be his price be so that he will not lose or gain financially in the transaction? Use sinking fund method of depreciation.
Please solve with formulas shown, i want to understand, im not that good in accounting. Complete solution
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