Weighted Average Conditions of assets A and B are rated from 1 where the conditions are poor
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Question:
- Weighted Average Conditions of assets A and B are rated from 1 where the conditions are poor to 5 where conditions are excellent. There are 14 empty cells in the table below. Calculate these empty cells
Asset No | Estimated Replacement Cost | Condition | |||||
% Poor | % Worn | % Fair | % Good | % Excellent | Average Condition | ||
A* | 0.82 | 3.81 | |||||
A1 | $547,000 | 5 | 10 | 0 | 65 | 20 | |
A2 | $620,000 | 0 | 15 | 15 | 45 | 25 | |
B | $1,200,000 | 10 | 20 | 40 | 15 | 15 | |
All | 3.84 |
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