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A delivery truck has an active life of six years and costs $30,000. The estimated trade-in schedule and annual O&M costs are given in the
A delivery truck has an active life of six years and costs $30,000. The estimated trade-in schedule and annual O&M costs are given in the following table. The interest rate is 5%. What is the service life of this delivery truck? (Mark the closest answer) Year Trade-in Schedule O&M Schedule $25,000 $1,500 $20,000 $1,500 $17,000 $1,500 $15,000 $1,500 $12,000 $2,900 $ 8,000 $1,800 au AWNA O 3 years 6 years 7 years 5 years 4 years
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