Homework Help is Here – Start Your Trial Now!
Math
Statistics
The replacement of a laser cutting machine is being considered. The best available machine on market has an estimated economic life of 12 years with an equivalent annual worth of S-24.800. The current used machine, which was bought six years ago for $48.000, has a present market value of $4,000 with the following data for the next three years Estimated Market Value at End of Year, S OC Year S per Year 20,000 3,000 25,000 2,500 30,000 2,000 Select when to replace the machine, using Economic Service Life method at an interest rate of 4% per year. O ) Replace now b) Replace in year one c) Replace in year two d) Replace in year three

The replacement of a laser cutting machine is being considered. The best available machine on market has an estimated economic life of 12 years with an equivalent annual worth of S-24.800. The current used machine, which was bought six years ago for $48.000, has a present market value of $4,000 with the following data for the next three years Estimated Market Value at End of Year, S OC Year S per Year 20,000 3,000 25,000 2,500 30,000 2,000 Select when to replace the machine, using Economic Service Life method at an interest rate of 4% per year. O ) Replace now b) Replace in year one c) Replace in year two d) Replace in year three

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question

show steps plz

The replacement of a laser cutting machine is being considered. The best available machine on market has an estimated economic life of 12 years with an equivalent annual worth of 5-24.800. The current used machine, which was bought six years ago for $48,000, has a present market value of $4,000 with the following data for the next three years oc S per Year Estimated Market Value Year at End of Year, S 1 20,000 3,000 25,000 2,500 30,000 2,000 Select when to replace the machine, using Economic Service Life method at an interest rate of 4% per year. O a) Replace now O b) Replace in year one c) Replace in year two d) Replace in year three
Transcribed Image Text:The replacement of a laser cutting machine is being considered. The best available machine on market has an estimated economic life of 12 years with an equivalent annual worth of 5-24.800. The current used machine, which was bought six years ago for $48,000, has a present market value of $4,000 with the following data for the next three years oc S per Year Estimated Market Value Year at End of Year, S 1 20,000 3,000 25,000 2,500 30,000 2,000 Select when to replace the machine, using Economic Service Life method at an interest rate of 4% per year. O a) Replace now O b) Replace in year one c) Replace in year two d) Replace in year three
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS