Calculate the annual cost of the truck per year

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Reference no: EM13222853

Brent owns Beck Trucking. Seven years ago, he purchased a large-capacity dump truck for $115,000 to provide short-haul earth moving services. He sold it today for $45,000. Operating and maintenance costs averaged $9500 per year. A complete overhaul at the end of year 4 cost an extra $3200.

Calculate the annual cost of the truck at 7% per year.

Reference no: EM13222853

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