Welcome to your Engineering Economy MCQ practice assessment.

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A plant bought a machine for P200,000 and used it for 10 years, the life span of the equipment. What is the book value of the machine after 5 years of use? Assume a scrap value of P20,000. Use double declining balance method

Suppose that you make 12 equal annual deposits of P2,000 each into a bank account paying 8% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this bank account immediately after the 12th deposit?

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