QUESTION 2 (30 Marks): year for a wheel loader with the Calculate the expected hourly owning and operating costs for 2nd following information. Use the double declining balance method of depreciation. Delivered price (initial cost) Tire cost Estimated life Salvage value Investment cost for the 2nd year Tax, insurance and storage for 2nd year Operating conditions $550,000 $45,000 6 years $60,000 (first 2 digits of the student number) % of the delivered price (first two digits of the student number) % of the year book value of 2nd. Severe Rated power Fuel price Operator's wages Hours operated 450 hp $3.5/gallon $50/hour 5 days a week and 8 hours per day Equipment remains idle (not working) for (last two digits of your student number) days during the year; 1 year 52 weeks=365 days Cost of special items $50/hour