Assignment:
Question 1. Analyze the cost differences for a project that needs the use of a trencher. Compare the cost differences between renting and buying-amortizing the purchase price over a five-year period. Which would be the best approach, renting or purchasing?
Question 2. Explain how equipment expenses differ from other installed construction items, such as lumber and steel. What unique accounting aspects need to be considered when estimating equipment used in a construction estimate?
Write your answer in 2 to 3 pages.