What is the equivalent uniform annual cost of these bits

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Reference no: EM131121548

D.4 Specialized bits (costing $50,000) used in the min- ing industry have a useful life of 5000 hours of op- eration and can be traded in when a new bit is purchased for 10% of first cost. The drilling machine that uses the bit is used 1000 hours per year. What is the equivalent uniform annual cost of these bits at 2.5%?

(a) $8559

(b) $9510

(d) $10,920

D.5 A new chemical remediation tank is needed. Current technology tanks, which cost $150,000, must be drained and treated every 2 years at a cost of
$30,000; the tanks will last 10 years, and each will have a salvage value of 5% of first cost. A tank with

Reference no: EM131121548

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