The initial cost of a piece of equipment

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The initial cost of a piece of equipment is $10,000, and it has a salvage value at the end of its 10 year life of $1,000. Maintenance cost is estimated to be $500 the first year and increase $50 per year to the end of its 10 year life. If the company uses MARR of 10.0%, what is the equivalent uniform annual cost?

Reference no: EM131045367

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