Refer to Problem 2-26 and now assume the prices for the equipment that Constance wants to replace have not been constant. Use the cost index data for each piece of equipment to update the costs to the price that would be paid today. Develop the overall cost for Constance, again assuming the 15% trade-in allowance for the old equipment. Use any necessary data from Problem 2-26.

Transcribed Image Text:

Cost Index When Originally Cot Index Original Equipment Varnish bath Power scraper Paint booth Today Purchased 154 780 49 900 76