The scrap value of a machine is the value of the machine at theend of its useful life. By one method of calculating scrap value,where it is assumed that a constant percentage of value is lostannually, the scrap value is given by S = C(1 - r) n, where C isthe original cost, n is the useful life of the machine in years,and r is the constant annual percentage of value lost. Find thescrap value for each of the following machines.
Original cost, $68,000; life, 10 years; annual rate of valuelost, 8%
The scrap value of a machine is the value of the machine at the end of its useful life. By one method of calculating scr
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