CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end

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CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end of five years. The annual operating cost of the vehicle is $60,000. What is the equivalent annual cost of this truck, if the company uses a MARR of 12%?

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Construction Management

ISBN: 9781119256809

5th Edition

Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko

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Question Posted: Feb 17, 2024 04:00 AM

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CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end

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To compute the Equivalent Annual Cost EAC of owning and operating the truck for five years we need t...View the full answer

Construction Management

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