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A track dozer costs $230,000 to purchase. You plan to use it for 5 years, and each year you expect to use it for 1,800
A track dozer costs $230,000 to purchase. You plan to use it for 5 years, and each year you expect to use it for 1,800 hours. You expect to sell it at the end of five years (before any major repairs are required) for $70,000. Your company's cost of capital rate is 10%. Using the Time Value Method, what is the depreciation portion of ownership cost of this track dozer per hour of use? Group of answer choices
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