Find estimated cost of replacement by equipment cost index


Transportation equipment that was purchased in 2004 for $200,000 must be replaced at the end of 2009. What is the estimated cost of the replacement, based on the following equipment cost index?

Year Index Year Index
2004 223 2007 257
2005 238 2008 279
2006 247 2009 293

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find estimated cost of replacement by equipment cost index
Reference No:- TGS068486

Expected delivery within 24 Hours