A piece of equipment has a first cost of $175,000, a maximum useful life of 7 years, and a market (salvage) value described by the relation S = 120,000-11,000k, where k 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 + 14,000k. The interest rate is 12% per year. Determine the economic service life and the respective AW. The AW at the Economic Service Life, (in $) Round to the nearest two (2) decimal places, include sign

A piece of equipment has a first cost of $175,000, a maximum useful life of 7 years, and a market (salvage) value described by the relation S = 120,000-11,000k, where k 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 + 14,000k. The interest rate is 12% per year. Determine the economic service life and the respective AW. The AW at the Economic Service Life, (in $) Round to the nearest two (2) decimal places, include sign

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

7. Help me answer the given question

Round to the nearest two (2) decimal places, include sign

A piece of equipment has a first cost of $175,000, a maximum useful life of 7 years, and a market (salvage) value described by the
relation S = 120,000 - 11,000k, where k 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+ 14,000k. The interest rate is 12% per year. Determine the economic service life and
the respective AW.
The AW at the Economic Service Life, (in $)
Round to the nearest two (2) decimal places, include sign

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