Instructions\ Respond with the hourly ownership depreciation to two decimal places.\ Question 2.11 the loader after 6 years

(2,800hr(s)/(y)r)

of service for

$75,000

. There will be no major overhauls. The company's cost-of-capital is

6.31%

.\ 1 point\ What is the depreciation part of this machine's ownership cost? Use the time value method to calculate depreciation.\ Type your answer..

Instructions Respond with the hourly ownership depreciation to two decimal places. Question 2.11 Asphalt Pavers, Inc. purchases a loader to use at its asphalt plant. The purchase price delivered is $326,000. Tires for this machine cost $26,000. The company believes it can sell the loader after 6 years ( 2,800hrs/yr ) of service for $75,000. There will be no major overhauls. The company's cost-of-capital is 6.31%