8 km/h. The rated operating width of the machine is 2 m. The annual utilisation of the combine is A 50 kW combine harvester has an initial purchase price of $25,000.00. It operates 216 ha. The field efficiency is 75 per cent. Other relevant data are as follows: Interest on investment Fuel consumption Cost of fuel Lubricant consumption Insurance Housing Repairs and maintenance cost Labour charge Hiring cost 5% of initial purchase price of combine 15 litres per hour $0.50 per litre 18 % of fuel cost 0.25 % of initial purchase price 1.00 % of initial purchase price 20 % of initial purchase price $6.50 per hour $74.07 per hectare Assume that the straight-line method of depreciation is applicable and that the period of depreciation is 10 years. Also, assume that the salvage value of the combine is 10 % of the purchase price of the combine and that there is no tax levied on the combine.

8 km/h. The rated operating width of the machine is 2 m. The annual utilisation of the combine is A 50 kW combine harvester has an initial purchase price of $25,000.00. It operates 216 ha. The field efficiency is 75 per cent. Other relevant data are as follows: Interest on investment Fuel consumption Cost of fuel Lubricant consumption Insurance Housing Repairs and maintenance cost Labour charge Hiring cost 5% of initial purchase price of combine 15 litres per hour $0.50 per litre 18 % of fuel cost 0.25 % of initial purchase price 1.00 % of initial purchase price 20 % of initial purchase price $6.50 per hour $74.07 per hectare Assume that the straight-line method of depreciation is applicable and that the period of depreciation is 10 years. Also, assume that the salvage value of the combine is 10 % of the purchase price of the combine and that there is no tax levied on the combine.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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