Calculate the total hourly owning and operating cost of a 300-hp crawler-type excavator bought at $225,000. The backhoe works 1,800 hours per year and has a useful life of 7 years with a salvage value of $40,000. Use straight-line depreciation. The IITS is estimated as 9% of Average Annual Value. Total cost of repairs for the lifetime is estimated as 65% of equipment original price. Fuel cost is $3.75/gal.

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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Calculate the total hourly owning and operating cost of a 300-hp crawler-type excavator
bought at $225,000. The backhoe works 1,800 hours per year and has a useful life of 7 years
with a salvage value of $40,000. Use straight-line depreciation. The IITS is estimated as 9%
of Average Annual Value. Total cost of repairs for the lifetime is estimated as 65% of
equipment original price. Fuel cost is $3.75/gal.
Transcribed Image Text:Calculate the total hourly owning and operating cost of a 300-hp crawler-type excavator bought at $225,000. The backhoe works 1,800 hours per year and has a useful life of 7 years with a salvage value of $40,000. Use straight-line depreciation. The IITS is estimated as 9% of Average Annual Value. Total cost of repairs for the lifetime is estimated as 65% of equipment original price. Fuel cost is $3.75/gal.
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