lectur9-page39 - Insurance =(cost salvage 2.008 = $...

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Annual Ownership Costs: We estimate annual ownership costs for budgeting: Depreciation = (cost - salvage) / useful life = $ 7,101.46/yr Interest = ((cost + salvage) / 2) * .08 = $6,017.92/yr
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Unformatted text preview: Insurance = ((cost + salvage) / 2) * .008 = $ 601.79/yr Prop. taxes = ((cost + salvage) / 2) * .00445 = $ 334.75/yr Total annual ownership cost $14,055.92/yr...
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