Question: Au automatic hydraulic roof support system for an underground mine costs AUD$36 million, which is purchased under a bank loan at interest rate of
Au automatic hydraulic roof support system for an underground mine costs AUD$36 million, which is purchased under a bank loan at interest rate of 8%. The depreciation period = 6years, maintenance costs per year amount to 10% of the purchasing price. Determine the annual depreciation, maintenance cost and loan interest.
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