If a trenching machine has an estimated life span of 7500 hours and a yearly operating cost of $7,000, what is the hourly cost if the machine is used for 250 hours during the year? Asume this machine is new. 1. $19 2. $28 3. $30 4. $7,000

If a trenching machine has an estimated life span of 7500 hours and a yearly operating cost of $7,000, what is the hourly cost if the machine is used for 250 hours during the year? Asume this machine is new. 1. $19 2. $28 3. $30 4. $7,000

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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Question

If a trenching machine has an estimated life span of 7500 hours and a yearly operating cost of $7,000, what is the hourly cost if the
machine is used for 250 hours during the year? Asume this machine is new.
1. $19
2. $28
3. $30
4. $7,000

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