Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide short-haul earthmoving
Question:
Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide short-haul earthmoving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,500 per year. A complete overhaul at the end of year 4 cost an extra $3600.
Calculate the annual cost of the truck at 8% per year interest.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
The annual cost of the truck ...View the full answer
Answered By
TIRTHANKAR JANA
Presently I'm working as an expert for solving different Electrical engineering related problems. I have two years experience of tutoring so many students throughout the globe, helping them in practical problems. I love teaching. I have guided so many students in their projects (especially who seeks help in IOT, ARDUINO, prcatical power station related problems ETAP, PSIM). I'm proficient in simulation tools and the students who wants to have mastery over practical or experimental problems should contact me. I believe education is the manifestation of perfection already in man so a teacher only can help to rediscover their own perfection. I'm hard working and self disciplined. My area of interests also includes Power system, Control system, Electrical Machine, Engineering Math. I believe in learning in friendly atmosphere where students can air their own views easily. I would love to help and guide you here and would like to share my experiences so that you can achieve your best .
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Balance sheet at the end of period 4 shows I have liabilities of about $3,000 to pay back a loan I took out during period 1. However, according to the CEO simulation I'm participating in, the debt...
-
f. Describe how each of the following cases are accounted for in both the income statement and balance sheet (4 marks) i. Revenue which has been realized before it has been earned. ii. Revenue which...
-
A truck was purchased four years ago for $65,000 to move raw materials and finished goods between a production facility and four remote warehouses. This truck (the defender) can be sold at the...
-
Apply the theorem in Sec. 22 to verify that each of these functions is entire: (a) f (z) = 3x + y + i(3y x); (b) f (z) = sin x cosh y + i cos x sinh y; (c) f (z) = ey sin x iey cos x; (d) f (z) =...
-
Resistor Combinations Lab PHYS 421 Lab Group Members: You will be using this phet simulation: https://phet.colorado.edu/sims/html/circuit-construction-...
-
Which method of evaluating capital investment proposals reduces their expected future net cash flows to present values and compares the total present values to the amount of the investment?
-
Equity Investment on July 1, 2010, Selig Company purchased for cash 40% of the outstanding capital stock of Spoor Corporation. Both Selig and Spoor have a December 31 year-end. Spoor Corporation,...
-
Ahrends Corporation makes 46,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials Direct labor $ 14.30...
-
A pulse moving along the x axis is described by y(x, t) = 5.00e - (x +5.00t) 2 where x is in meters and t is in seconds. Determine (a) The direction of the wave motion, and (b) The speed of the pulse.
-
If a fan buys a sports mortgage to USC football games by paying $130,000 in 10 equal payments starting now , and then pays a fixed price of $290 per year for 50 years (starting 1 year from now) for...
-
A major repair on the suspension system of a 5-year-old car cost $2000 because the warranty expired after 3 years of ownership. The cost of periodic maintenance has been $800 every 2 years. If the...
-
Mercer Corp. is an all-equity firm with 10 million shares outstanding and $100 million worth of debt outstanding. Its current share price is $75. Mercers equity cost of capital is 8.5%. Mercer has...
-
What techniques do some of the prominent Middle Eastern Terrorists Organizations use to increase recognition, support and power? What external forces multiplied the strength of these organizations?...
-
When discussing activity-based costing systems: What are the advantages and disadvantages to using an ABC system? Why would it be possible for an organization to not experience financial improvement...
-
1. Romina Corporation utilizes normal costing. During the year ended December 31, 2019, the following information were made available: - Total manufacturing costs incurred during the year -...
-
Have you ever wondered why Lady Justice is blind? Perhaps it is because to promote and preserve justice, we must be blind to other things. For this final discussion, you will consider what justice is...
-
Just need good feedback and ask me one question about my research paper? When researching the question at hand I thought of looking it from the perspective of working in the US Navy, calling Texas...
-
A shell and tube heat exchanger has a single shell and 4 tube passes. The shell diameter is 25-in. The shell contains 10 baffles with a spacing of 0.36 m. Liquid ammonia flows through the shell with...
-
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
-
Paradise Realty Co. pays weekly salaries of $25,500 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that...
-
Your university advertises that next years discounted tuition is $18,000 and can be paid in full by July 1. The other option is to pay the first semesters tuition of $9,500 by July 1, with the...
-
Using the data from Problem 6-7, create a spreadsheet to identify the best design using an IRR analysis. Data from Problem 6-7: Three mutually exclusive design alternatives are being considered. The...
-
Would the recommendation change if landfill costs double to $40 per cubic yard? Three mutually exclusive design alternatives are being considered. The estimated cash flows for each alternative are...
-
Question 10 1 pts The expected return for Verizon is 6.72% and the expected return for the overall stock market is 10.36%. If the current risk-free rate is 4.11%, what is Verizon's beta?
-
A tractor costs $24,780, has an expected life of 12 years, and has a salvage value of $2,700. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the...
-
Merger Valuation with Synergies Hasting Corporation estimates that if it acquires Vandell Corporation, synergies will cause Vandell's free cash flows to be $2.5 million, $3.2 million, $3.3 million,...
Study smarter with the SolutionInn App