Question
A contractor wants to buy a piece of equipment to use over 5 years and then sell it. The equipment cost $25,000. It provides an
A contractor wants to buy a piece of equipment to use over 5 years and then sell it. The equipment cost $25,000. It provides an annual revenue of $8,000 and incurs annual expenses of $2,000. At the end of these 5 years, the contractor sells the equipment for a salvage value of $8,000. Using the MARR of 4%. What is the annual worth of this equipment?
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Answer The annual worth of the equipment is 373851 Heres how to calculate it 1 Calculate annual net ...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
