Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. an industrial sewing machine costs $5,641 and is e

An industrial sewing machine costs $5,641 and is expected to have a scrap value of $3,792...

70.2K

Verified Solution

Question

Economics

An industrial sewing machine costs $5,641 and is expected tohave a scrap value of $3,792 whenever it is retired. Operating andMaintenance costs are $1,038 for the first year and expected toincrease by $2,612 thereafter. If the MARR is 11%, determine theminimum equivalent uniform annual cost associated with the optimaleconomic life of the machine. The service life of this machine is 5years.

Answer & Explanation Solved by verified expert
3.6 Ratings (384 Votes)
The economic service life is 1 year because cost is continuously increasing while salvage value is constant Associated EUAC is 350751 This is found by finding the present    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Based on data from a statistical abstract, only about 15% of senior citizens (65 years old...

Physics
1.2K views

A block of mass 2 kg and a block of mass 3 kg are sliding...

Accounting
1.2K views

A B C D 1 Chapter 5: Applying Excel 2 3 Data 4 Unit sales 30,000 units 5 Selling price per unit $70 per unit 6 Variable expenses per unit $42 per unit 7 Fixed expenses $420,000 8 If your...

Biology
1.2K views

If you set up 1 3 serial dilutions of 1 00 M NaCl what is...

Biology
1.2K views

An example of nucleic acid hybridization techniques Protein quantification O Fractionation Gel electrophoresis

Biology
1.2K views

Which of the following antibiotic resistance metabolisms prevents the accumulation of penicillin beta lactams Efflux...

Basic Math
1.2K views

Let S 1 2 8 Also let A and B be the following sets Compute...

Statistics
1.2K views

QUESTION 1 1 POINT According to the latest financial reports from a sporting goods store...

Algebra
1.2K views

Zero of 0 and zero of 2 having multiplicity 2 f 3 15

Accounting
1.2K views

Early in its fiscal year ending December 31, 2024, San Antonio Outfitters finalized plans to...

Finance
1.2K views

Gulf Corp. has the following information: What is the asset turnover ratio for year 2...

Accounting
1.2K views

Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1...