Question
An epoxy mixer purchases for $33,000 has an estimated salvage value of $5,000 and an expected life of 3 years. An average of 200 pounds
An epoxy mixer purchases for $33,000 has an estimated salvage value of $5,000 and an expected life of 3 years. An average of 200 pounds per month will be processed by the mixer.
Calculate the annual equivalent cost of the mixer with an interest rate of 8%.
Calculate the annual equivalent cost of the mixer with an interest rate of 12%.
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Auditing And Assurance Services
Authors: Robert Ramsay, Timothy J Louwers
4th Edition
007739657X, 978-0077396572
