a piece of construction equipment will cost $71,000 new and willhave an expected life of...

a piece of construction equipment will cost $71,000 new and will have an expected life of 6 years, with no remaining value at the end of its life. what is the equivalent uniform annual cost of this piece of equipment if the interest rate is 10%?

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Expert Solution

given that Asset price= $ 71000

n=6 years

interest rate = 10% =0.10

Equivalent Uniform annual cost =

so the equivalent uniform annual cost =$ 16300

Rahul Sunny answered 1 year ago

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