Answer to Question #154431 in Financial Math for kris

Question #154431

Find the book value at the end of four years for a machine which costs RM60,000. Use the declining balance method with an annual rate of 18%.

Expert's answer

The book value at the end of four years for a machine which costs RM60,000 is: "BV = 60,000\u00d7(1 - 0.18)^4 = RM27,127.31."

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