Answer Happy

Newnan Furniture owns and operates an industrial lift truck in its warehousing operation. The record indicates that the aft truck was purchased six years ago at $15,000 The estimated salvage value is $3,000 after six years of operation First-year O&M expenses were $2,500, but the O&M expenses have increased by $1,000 each year for the first six years of operation Using /=12%, compute the annual-equivalent costs of the lift truck for six years on a before-tax basis. Click the icon to view the interest factors for discrete compounding when/= 12% per year The annual-equivalent costs of the lift truck for six years on a before-tax basis are $ (Round to the nearest dollar)