A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an..
A fixed alienationd some equipment at a very propitious charge of $30,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming curiosity-behalf at 8%, did the equipment alienation examine to be desirable?