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lectur22-page3 - 100 $ 70.31 1000 $ 7.03 2. OPERATING COST...

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d. Property taxes = (Cost + salvage value) X local tax rate 2 = (60,000 + 20,000) X .00445 = $178.00 2 Total annual ownership costs $7,031.33 /year e. If I have 10 acres then $703.13 will be ownership cost per acre
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Unformatted text preview: 100 $ 70.31 1000 $ 7.03 2. OPERATING COST : Assume $8.50 per acre 3. Therefore, if you have 1000 acres, it will pay to buy a combine : $15.53 /ac. vs. $50.00 /ac....
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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.

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