In the table below are the calculations of the total and average cost of an engineering equipment during eight years of service. Explain by drawing the relationship between the average annual cost with years of service, and in which year it is Gastric replacement?

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%
In the table below are the calculations of the total and average cost of an engineering equipment during eight years of
service. Explain by drawing the relationship between the average annual cost with years of service, and in which year it is
Gastric replacement?
Years
Purchase
Annual
Summation Total cost C-
of
Average
annual cost
service
price
maintenance
S+
(n)
scrap
cost
maintenance
C-S
f(t)
1=0
1
6000
100
100
6100
6100
2
6000
250
350
6350
3175
3
6000
400
750
6750
2250
4
6000
600
1350
7350
1837.50
6000
900
2250
8250
1650
6
6000
1200
3450
9450
1575
6000
1600
5050
11050
1578
6000
2000
7050
13050
1631
Transcribed Image Text:In the table below are the calculations of the total and average cost of an engineering equipment during eight years of service. Explain by drawing the relationship between the average annual cost with years of service, and in which year it is Gastric replacement? Years Purchase Annual Summation Total cost C- of Average annual cost service price maintenance S+ (n) scrap cost maintenance C-S f(t) 1=0 1 6000 100 100 6100 6100 2 6000 250 350 6350 3175 3 6000 400 750 6750 2250 4 6000 600 1350 7350 1837.50 6000 900 2250 8250 1650 6 6000 1200 3450 9450 1575 6000 1600 5050 11050 1578 6000 2000 7050 13050 1631
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Time value of money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Structural Analysis
Structural Analysis
Civil Engineering
ISBN:
9781337630931
Author:
KASSIMALI, Aslam.
Publisher:
Cengage,
Structural Analysis (10th Edition)
Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON
Principles of Foundation Engineering (MindTap Cou…
Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning
Fundamentals of Structural Analysis
Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education
Sustainable Energy
Sustainable Energy
Civil Engineering
ISBN:
9781337551663
Author:
DUNLAP, Richard A.
Publisher:
Cengage,
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning