Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide short-haul earthmoving
Question:
Eight years ago, Ohio Valley Trucking purchased a large-capacity dump truck for $115,000 to provide short-haul earthmoving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,500 per year. A complete overhaul at the end of year 4 cost an extra $3600.
Calculate the annual cost of the truck at 8% per year interest.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
The annual cost of the truck ...View the full answer
Answered By
TIRTHANKAR JANA
Presently I'm working as an expert for solving different Electrical engineering related problems. I have two years experience of tutoring so many students throughout the globe, helping them in practical problems. I love teaching. I have guided so many students in their projects (especially who seeks help in IOT, ARDUINO, prcatical power station related problems ETAP, PSIM). I'm proficient in simulation tools and the students who wants to have mastery over practical or experimental problems should contact me. I believe education is the manifestation of perfection already in man so a teacher only can help to rediscover their own perfection. I'm hard working and self disciplined. My area of interests also includes Power system, Control system, Electrical Machine, Engineering Math. I believe in learning in friendly atmosphere where students can air their own views easily. I would love to help and guide you here and would like to share my experiences so that you can achieve your best .
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Balance sheet at the end of period 4 shows I have liabilities of about $3,000 to pay back a loan I took out during period 1. However, according to the CEO simulation I'm participating in, the debt...
-
f. Describe how each of the following cases are accounted for in both the income statement and balance sheet (4 marks) i. Revenue which has been realized before it has been earned. ii. Revenue which...
-
A truck was purchased four years ago for $65,000 to move raw materials and finished goods between a production facility and four remote warehouses. This truck (the defender) can be sold at the...
-
Apply the theorem in Sec. 22 to verify that each of these functions is entire: (a) f (z) = 3x + y + i(3y x); (b) f (z) = sin x cosh y + i cos x sinh y; (c) f (z) = ey sin x iey cos x; (d) f (z) =...
-
Will the variation in sample means be greater or less than the variation in the process being sampled?
-
An airplane flies at a speed of \(400 \mathrm{mph}\) at an altitude of \(10,000 \mathrm{ft}\). If the boundary layers on the wing surfaces behave as those on a flat plate, estimate the extent of...
-
As a senior manager, you oversee a project with a total estimated cost of 245 engineer- months of effort. Three months ago, however, the project had fallen behind by about 25 engineer-months so you...
-
There are the following proposals in which you can find the type of each element of the trusses. For proposal 2, there should be some excavation. Discard the excavation cost and advise the team on...
-
A random sample of likely voters showed that 49% planned to support Measure X. The margin of error is 3 percentage points with a 95% confidence level. a. Using a carefully worded sentence, report the...
-
If a fan buys a sports mortgage to USC football games by paying $130,000 in 10 equal payments starting now , and then pays a fixed price of $290 per year for 50 years (starting 1 year from now) for...
-
A major repair on the suspension system of a 5-year-old car cost $2000 because the warranty expired after 3 years of ownership. The cost of periodic maintenance has been $800 every 2 years. If the...
-
In Exercises sketch the graph of '. Explain how you found your answer. 7 6 65432 4 3 T y f V + X 1 2 3 4 5 6 7
-
Lottery A offers a 70 % chance of winning $45 and a 30 % chance of losing $100. Lottery B offers a 60 % chance of winning $55 and a 40 % chance of losing $85. Lottery C offers an 80 % chance of...
-
Explain the problems that would arise from comparing price indexes for computers over the last three decades.
-
What is the capital asset pricing model (CAPM)? What are the assumptions of this model? What does it tell us?
-
Under what conditions might stratified random sampling or cluster sampling be preferable to simple random sampling? Explain.
-
Briefly explain what the dominance principle is and how it can be used in risk and- return analysis.
-
Use Eq. (9) to calculate the flux of the vector field across the curve specified. \(\mathbf{F}(x, y)=\left\langle x^{2}, y^{2}ightangle ; \quad\) segment from \((3,0)\) to \((0,3)\), oriented upward...
-
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
-
Paradise Realty Co. pays weekly salaries of $25,500 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that...
-
Your university advertises that next years discounted tuition is $18,000 and can be paid in full by July 1. The other option is to pay the first semesters tuition of $9,500 by July 1, with the...
-
Using the data from Problem 6-7, create a spreadsheet to identify the best design using an IRR analysis. Data from Problem 6-7: Three mutually exclusive design alternatives are being considered. The...
-
Would the recommendation change if landfill costs double to $40 per cubic yard? Three mutually exclusive design alternatives are being considered. The estimated cash flows for each alternative are...
-
On-campus corporate presentations: Sympathy for the Devil Many students complain about the high number of corporate presentations taking place both on- and off-campus. In this question, we seek to...
-
How do organizations cultivate a culture of open innovation, leveraging crowdsourcing platforms, collaborative networks, and cross-industry partnerships to harness external knowledge and drive...
-
Braeden Sim is the accountant for Sim's Internet Service. From the following information, his task is to construct a balance sheet as of April 30, 201X, in proper form. Could you help him? (Click the...
Study smarter with the SolutionInn App