Author Question: The capitalized cost c of an asset is computed by the formulac =c0+,wherec0is the initial cost of ... (Read 67 times)

jparksx · **on:** Jun 16, 2021

The capitalized cost c of an asset is computed by the formula
c = c₀ +

,
where c₀ is the initial cost of the asset, L is the lifetime (in years), r is the interest rate (compounded continuously), and m(t) is the annual cost of maintenance. Find the capitalized cost under the given assumptions.

c₀ = $800,000, r = 4%, m(t) = 60,000, L = 5
◦ $1,311,903.87
◦ -$271,903.87
◦ $1,231,903.87
◦ $1,071,903.87

cat123 · **Reply #1 on:** Jun 16, 2021

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