A company bought a piece of machinery for $15,000 with an annual operating cost of $750. There
Fantastic news! We've Found the answer you've been seeking!
Question:
A company bought a piece of machinery for $15,000 with an annual operating cost of $750. There is no maintenance for the first 2 years, but after that maintenance is $500 per year over the 11 year life span of the machine. In year 7, there is an repair cost of $1500 and the equipment has a salvage value of $800. What is the present value of this piece of machinery?
i=10%
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: