1. A backhoe/loader with a Diesel engine of 240 hp was purchased for $232,480. It...
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A backhoeloader with a Diesel engine of hp was purchased for $ It isused hours per year and has a useful life of years. It has a crankcase with acapacity of gallons. The time between oil changes is hours. Assume anoperating factor of Diesel fuel and lubricating oil costs are $ per gallonand $ per gallon, respectively.a Determine the probable cost per hour for owning and operating this backhoeusing the standard approach straightline depreciation, no salvage valueb Determine the probable cost per hour for owning and operating this backhoeusing the PSSS approach. Assume the estimated salvage value after years is$ the annual cost of maintenance and repairs equals of annualdepreciation, taxinsurancetax cost is of average value, no major repairsare anticipated, the company is taxexempt, and i
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