A consortium of international telecommunication companies contracted for the purchase and installation of fiber optic cable linking Manila and Cebu City at a total cost amount includes freight and...

Extracted text: A consortium of international telecommunication companies contracted for the purchase and installation of fiber optic cable linking Manila and Cebu City at a total cost amount includes freight and installation charges estimated at 10% of the above contract price. If the cable shall be depreciated over a period of 15 years with zero salvage value and money is worth 6% per annum, what is the annual depreciation charge (d)? 3. P960M. This