Assuming a declining balance depreciation of 10 annually


A transportation company has bought a truck for 36,000.00. Maintenance costs of the truck are S2100.00 per year, increasing by S600.00 each year. Assuming a declining balance depreciation of 10% annually and 6% annual interest rate what is the EAC for the next 3 years.

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Financial Management: Assuming a declining balance depreciation of 10 annually
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