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Business, 29.07.2019 16:10 michaelandtammytrice

Apiece of equipment has a first cost of $170,000, a maximum useful life of 7 years, and a market (salvage) value described by the relation s = 120,000 – 15,000k, where k is the number of years since it was purchased. the salvage value cannot go below zero. the aoc series is estimated using aoc = 60,000 + 8,000k. the interest rate is 11% per year. determine the economic service life and the respective aw.

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