A piece of equipment has a first cost of $155,000, a maximum useful life of...
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A piece of equipment has a first cost of $155,000, a maximum useful life of 7 years, and a market (salvage) value described by the relation S = 120,000 25,000k, wherek is the number of years since it was purchased. The salvage value cannot go below zero. The AOC series is estimated using AOC = 60,000 + 10,000k. The interest rate is 8% per year. Determine the economic service life and the respective AW. (Detailed please need to see where I messed up on my end) THANK YOU
A piece of equipment has a first cost of $155,000, a maximum useful life of 7 years, and a market (salvage) value described by the relation S = 120,000 25,000k, wherek is the number of years since it was purchased. The salvage value cannot go below zero. The AOC series is estimated using AOC = 60,000 + 10,000k. The interest rate is 8% per year. Determine the economic service life and the respective AW.
(Detailed please need to see where I messed up on my end) THANK YOU
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