A firm purchased 12-years ago a computerized machine worth P 936042. As the life of the machine was 20 years, funds are

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answerhappygod
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A firm purchased 12-years ago a computerized machine worth P 936042. As the life of the machine was 20 years, funds are

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A firm purchased 12-years ago a computerized machine worth P
936042. As the life of the machine was 20 years, funds are reserved
based on the Sum of the Years’ Digit (SYD) method of depreciation.
Now the firm wishes to replace it with a current model possessing
several advantages. The firm can sell it today for P 84019. The new
machine will cost P 1471164. How much new capital will be required
to make the purchase?
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