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Equipment purchased in 2006 for $21,000 must be replaced in late 2017. What is the estimated cost of the replacement equipment based on the following
Equipment purchased in 2006 for $21,000 must be replaced in late 2017. What is the estimated cost of the replacement equipment based on the following cost indices? End of Year 2004 2005 2006 2007 2008 2009 2010 Index 135 148 154 156 172 186 197 End of Year 2011 2012 2013 2014 2015 2016 2017 Index 201 207 216 235 254 264 271 (estimated) The estimated cost of the replacement equipment based on the cost indices provided is $ (Round to the nearest dollar)
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