Eight years ago, Ohio Valley Trucking purchased a large- capacity dump truck for $106,000 to...
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Eight years ago, Ohio Valley Trucking purchased a large- capacity dump truck for $106,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $8,800 per year. A complete overhaul at the end of year 6 costs an extra $3600. Calculate the annual cost of the truck at / = 8% per year. The annual cost of the truck is $- per year
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