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Question 11 of 11

Question 11 of 11 .11 At the beginning Of last year (2019). Richter Condos installed a mechanized elevator for its tenants. The owner of the comparv,. Ron Richter. recently returned from an industry equipment exhibition where hc watched a computerized elevator demonstrated, He was impressed with the elevator's speed comfort of ride. and cost efficiency. Upon returning from the exhibition. he asked his purchasing agent to collect price and operating cost datrn the new elevator In addition, he asked the company's accountant to provide him with cost data en the company's elevator. This information is presented below. Purchase price Estimated salvage value Estimated useful life Depreciation Annual operating costs Other than depreciation: Variable Fied Old Elevator s 95,000 5 years Straight-lire s 34.000 22000 New Elevator S 159.000 o 4 years Straight-line S 9000 8000 Annual revenues are S 239.000. and selling and administrative S 281m. of which clcvator is the old elevator is replaced now. at thc beginningoi 2020. Rcht' Condos be able to it S 24.000