lectur9-page39

lectur9-page39 - Insurance = ((cost + salvage) / 2) * .008...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online