Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

my student number is 16330550 Calculate the expected hourly owning and operating costs for 2nd year for a wheel loader with the following information. Use

image text in transcribed

my student number is 16330550

Calculate the expected hourly owning and operating costs for 2nd year for a wheel loader with the following information. Use the double declining balance method of depreciation. Delivered price (initial cost) $450,000 Tire cost $30,000 Estimated life 6 years Salvage value Investment cost for the 2nd year $60,000 (first 2 digits of your student number) % of the delivered price (last two digits of your student number) % of the book value of 2nd year Tax, insurance and storage for 2nd year Severe Operating conditions Rated power 450 hp Fuel price $4.5/gallon Operator's wages $23/hour Hours operated 5 days a week and 8 hours per day Equipment remains idle (not working) for (last two digits of your student number) days during the year, year=52 weeks=365 days Cost of special items $30/hour 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Robert Guell, Ted Gayer

9th Edition

0073511358, 9780073511351

More Books

Students also viewed these Finance questions

Question

What projects have I completed at home, work, or school?

Answered: 1 week ago