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Calculate the economic life of piece of equipment

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Reference no: EM132662131

Your accountant has provided you with the following table of salvage values for a certain type of apricot squeezing machine, which you are considering for use in your Sour Apricot Sherbet Shop.

Year Salvage value
1 $22,000
2 $21,000
3 $20,000
4 $16,000
5 $10,000

Problem 1: Calculate the economic life (years) of this piece of equipment. The first cost is $25,000 and MARR is 12%.

Reference no: EM132662131

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