Question: Refer to Problem 2-26 and now assume the prices for the equipment that Constance wants to replace have not been constant. Use the cost index

Refer to Problem 2-26 and now assume the prices for the equipment that Constance wants to replace have not been constant. Use the cost index data for each piece of equipment to update the costs to the price that would be paid today. Develop the overall cost for Constance, again assuming the 15% trade-in allowance for the old equipment. Use any necessary data from Problem 2-26.

Cost Index When Originally Cost Index Original Purchased Equipment Vamish bath Today 154 171 Power scraper 780 900 Paint

Cost Index When Originally Cost Index Original Purchased Equipment Vamish bath Today 154 171 Power scraper 780 900 Paint booth 49 76

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