machine cost is $50,000. fuel and minor repair cost is cost is # 15.00 per hour. A set of tire costs $3500 to replace. The estimated life of tire is 2800 use hours. After 8000 hours of work it will be sold 10 percent of purchase price. The machine is expected to work 1400 hours per year. The cost of capital rate is 7%. How much is the annualized salvage value?

machine cost is $50,000. fuel and minor repair cost is cost is # 15.00 per hour. A set of tire costs $3500 to replace. The estimated life of tire is 2800 use hours. After 8000 hours of work it will be sold 10 percent of purchase price. The machine is expected to work 1400 hours per year. The cost of capital rate is 7%. How much is the annualized salvage value?

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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