1. Determine the total current year ownership cost for your tractor, given the following information: Current value of tractor: $50,000 Depreciation: 10% of current value Interest: 6% of current value Insurance and Taxes: 1% of current value 2. Determine the total current year ownership cost for your storage building, given the following information: Current value of building: $60,000 Depreciation: 5% of current value Interest: 6% of current value Insurance and Taxes: 1% of current value Repairs and Maintenance: 3% of current value 3. Determine the average ownership cost of your soed drill , given the following information Purchase Price: $70,000 Life: 10 years Interest: 7% of average scod drill value Insurance and Taxes: 1% of average seed drill value