ith no salvage value. Alternatively, the company can lease the equipment for $800 per day. How many days per year must the company use the e
ith no salvage value. Alternatively, the company can lease the equipment for $800 per day. How many days per year must the company use the e
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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A construction company can purchase a used backhoe for $90,000 and spend $450 per day in operating costs. The equipment will have a 5-year life with no salvage value. Alternatively, the company can lease the equipment for $800 per day. How many days per year must the company use the equipment in order to justify its purchase at an interest rate of 10% per year!
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