6. 5.6 Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide
Question:
6. 5.6 Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide short-haul earth-moving 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.
(a) Calculate the annual cost of the truck at i = 8% per year.
(b) (Spreadsheet exercise) Write a single-cell function to display the annual cost.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
Question Posted: