CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end
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CPM Construction plans to buy a truck for $150,000, and sell it for $15,000 at the end of five years. The annual operating cost of the vehicle is $60,000. What is the equivalent annual cost of this truck, if the company uses a MARR of 12%?
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To compute the Equivalent Annual Cost EAC of owning and operating the truck for five years we need t...View the full answer
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Related Book For
Construction Management
ISBN: 9781119256809
5th Edition
Authors: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
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