please help me in this EngineeringEconomic problem...
10 points for the best answer tnx... (please provide solution)
^_^
1.The Consortium of International Companies contracted for the purchase and installation of a fiber optic cable linking two major Asian cities at a total cost of $960M. This amount includes freight and installation charges that are estimated at 10% of the above total contract price, if the cable shall be depreciated over a period of 15 years with zero salvage value. Given the sinking fund deposit factor of 0.0430 at 6% interest rate where n = 15, what is the annual depreciation charge?
2.The Consortium of International Companies contracted for the purchase and installation of a fiber optic cable linking two major Asian cities at a total cost of $960M. This amount includes freight and installation charges that are estimated at 10% of the above total contract price, if the cable shall be depreciated over a period of 15 years with zero salvage value. Given the sinking fund deposit factor of 0.0430 at 6% interest rate where n = 15, what is the depreciation during the 8th year using sum of the years digits method?
------------------------------------------------
10 points for the best answer tnx... (please provide solution)
^_^
1.The Consortium of International Companies contracted for the purchase and installation of a fiber optic cable linking two major Asian cities at a total cost of $960M. This amount includes freight and installation charges that are estimated at 10% of the above total contract price, if the cable shall be depreciated over a period of 15 years with zero salvage value. Given the sinking fund deposit factor of 0.0430 at 6% interest rate where n = 15, what is the annual depreciation charge?
2.The Consortium of International Companies contracted for the purchase and installation of a fiber optic cable linking two major Asian cities at a total cost of $960M. This amount includes freight and installation charges that are estimated at 10% of the above total contract price, if the cable shall be depreciated over a period of 15 years with zero salvage value. Given the sinking fund deposit factor of 0.0430 at 6% interest rate where n = 15, what is the depreciation during the 8th year using sum of the years digits method?
------------------------------------------------