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1 2 . 4 Asphalt Pavers, Inc., purchases a loader to use at its asphalt plant. The purchase price delivered is $ 2 3 5

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12.4 Asphalt Pavers, Inc., purchases a loader to use at its asphalt plant. The purchase price delivered is $235,000. Tires for this machine cost $24,000. The company believes it can sell the loader after 7 years (3,000hryr) of service for $79,000. There will be no major overhauls. The company's cost-of-capital is 6.3%. What is the depreciation part of this machine's ownership cost? Use the time value method to calculate depreciation. ($9.236hr)
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