Sinking-fund method for determining

The original cost for a distillation tower is 24,000 and the useful life of the tower is estimated to be 8 years. The sinking-fund method for determining the rate of depreciation is used (see Example 5), and the effective annual interest rate for the depreciation fund is 6 percent. If the scrap value of the distillation tower is 4000, determine the asset value (i.e., total book value of equipment) at the end of 5 years. 

Singular and plural in reports, use of 474 Sink, capital, 150-152 Sinking-fund method for determining depreciation, 283-285 Site-improvement costs, 175-176... 

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