A tractor costs 19195 and will be used for 5 years at which, Ask an Expert

Economics

A tractor costs $19,195 and will be used for 5 years, at which time its estimated salvage value will be $4,000. Maintenance costs are estimated to be $100 for the first year, increasing by $100 each year thereafter. If i=12%, calculate the equivalent uniform annual cost for the tractor.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91402682

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