Your machine cost 12000 new and has a salvage value of 3000, Microeconomics

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Your machine cost 12000 new and has a salvage value of 3000

Question: Your machine cost $12,000 new, and has a salvage value of $3,000 in 5 years. If your interest rate is 10% annual with annual compounding, what is the Capital Cost per piece produced on this machine if you make 1,000 pieces per year during a 5 year run.

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Microeconomics: Your machine cost 12000 new and has a salvage value of 3000

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Microeconomics: Your machine cost 12000 new and has a salvage value of 3000

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