Question: I need help developing a financial comparison statement for the following: Your father has a garden maintenance company and one of the company vans needs
I need help developing a financial comparison statement for the following: Your father has a garden maintenance company and one of the company vans needs to have its gearbox replaced. He has explained to you that his accountant has compared the cost of a new van with repairing the old and concluded that the new van would be less expensive when all costs are considered. Based on research, the current van could be sold for and a new one bought for or alternatively, the current van could be repaired at a cost of The annual running costs of the two vans would be for the old one, or for the new with better fuel efficiency and lower servicing costs Whichever way he chooses he has decided that in future he will sell either van after five years, when their value is estimated to be old van or new van He has calculated that the old van would cost a total of x the next five years, compared to x for the new.
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