A 110000 chemical plant had an estimated life of 6 years and a projected scrap value of P10000. After 3 years made it a total loss . How much money would have to be raised to put up a new plant costing P150000, if a depreciation reserved has been maintained during its 3 years of operation by sinking fund method 6%. (Plurk Paste)

A 110000 chemical plant had an estimated life of 6 years and a projected scrap value of P10000. After 3 years made it a total loss . How much money would have to be raised to put up a new plant costing P150000, if a depreciation reserved has been maintained during its 3 years of operation by sinking fund method 6%.

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