A water filtration system in an industrial processwas purchased in 2014 for $250,000. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index?
|
|
|
|
Year
|
Index
|
Year
|
Index
|
2014
|
220
|
2017
|
257
|
2015
|
238
|
2018
|
279
|
2016
|
247
|
2019
|
298
|