Question: ASSIGNMENT 1 Determine the hourly owning and operating cost for the third year of operation for the wheel loader described below: Purchase Price -

ASSIGNMENT 1 Determine the hourly owning and operating cost for the third

ASSIGNMENT 1 Determine the hourly owning and operating cost for the third year of operation for the wheel loader described below: Purchase Price - $ 400,000 Tire cost- $25,000 Salvage Value - $85,000 Load Condition - Average Useful Life -5 years Operating Condition - Average Fuel Cost $4.35 Investment Rate -12% Straight Line Depreciation Operating Hours - 1750/yr. Tax, Storage Rate - 15%

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