7. A new engine was installed by a textile plant at a cost of P300 000 and projected to have a useful life of 15 years at the end of its useful life, it is estimated to have a salvage value of P30...

Extracted text: 7. A new engine was installed by a textile plant at a cost of P300 000 and projected to have a useful life of 15 years at the end of its useful life, it is estimated to have a salvage value of P30 000. Determine its capitalized cost if interest is 18% compounded annually? *