What is the hourly rate of equipment based on the following data? Purchase price (P) = $460,000 Salvage value (F) = $40,000 %3D Useful life (N) = 10 years %3D Working hours per year = 2000 Hours Annual maintenance costs = 10% of purchase price Annual operating costs = $47,000 Interest rate (i) = 15% Select one: a. $61.34/hr b. $51.34/hr c. $91.34/hr d. $81.34/hr
What is the hourly rate of equipment based on the following data? Purchase price (P) = $460,000 Salvage value (F) = $40,000 %3D Useful life (N) = 10 years %3D Working hours per year = 2000 Hours Annual maintenance costs = 10% of purchase price Annual operating costs = $47,000 Interest rate (i) = 15% Select one: a. $61.34/hr b. $51.34/hr c. $91.34/hr d. $81.34/hr
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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
Transcribed Image Text:What is the hourly rate of equipment based
on the following data?
Purchase price (P) = $460,000
%3D
Salvage value (F) = $40,000
Useful life (N) = 10 years
Working hours per year = 2000 Hours
Annual maintenance costs =
10% of
purchase price
Annual operating costs = $47,000
%3D
Interest rate (i) = 15%
Select one:
a. $61.34/hr
b. $51.34/hr
c. $91.34/hr
d. $81.34/hr
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