Problem Statement: CE Board November 1996
At 6%, find the capitalized cost of a bridge whose cost is P250M and life is 20 years, if the bridge must be partially rebuilt at a cost of P100M at the end of each 20 years.
- A. P275.3M
- B. P265.5M
- C. P295.3M
- D. P282.1M
The capitalized cost of a bridge whose cost is P250M and life of 20 years is P295.3M.
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