Required information Eight years ago. Ohio Valley Trucking purchased a large-capacity dump truck for $116,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,900 per year. A complete overhaul at the end of year 3 costs an extra $3600. Calculate the annual cost of the truck at /= 8% per year. The annual cost of the truck is $- per year.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Eight years ago. Ohio Valley Trucking purchased a large-capacity dump
truck for $116,000 to provide short-haul earth-moving services. The
company sold it today for $45,000. Operating and maintenance costs
averaged $10,900 per year. A complete overhaul at the end of year 3
costs an extra $3600.
Calculate the annual cost of the truck at /= 8% per year.
The annual cost of the truck is $-
per year.
Transcribed Image Text:Required information Eight years ago. Ohio Valley Trucking purchased a large-capacity dump truck for $116,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,900 per year. A complete overhaul at the end of year 3 costs an extra $3600. Calculate the annual cost of the truck at /= 8% per year. The annual cost of the truck is $- per year.
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