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Determine the equivalent annual cost of truck


Response to the following problem:

CPM Construction plans to buy a truck for $150,000 and sell it for $15,000 at the end of 5 years. The annual operating cost of the vehicle is $60,000. What is the equivalent annual cost of this truck, if the company uses a MARR of 12%?

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Cost Accounting: Determine the equivalent annual cost of truck
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