At this point, you should have completed all EIGHT tree diag…

At this point, you should have completed all EIGHT tree diagrams for this test. Please enter the text “I understand” into the blank below to acknowledge that you have read the following statement: This question is a placeholder that will be used to enter the grade for the tree diagram portion of this test. Your tree diagrams, which should all be complete at this point, must be digitized and uploaded to the Test 1 dropbox. Please upload your trees to the dropbox within 10 minutes.

If a hydraulic excavator’s purchase cost is $172,600 (a cost…

If a hydraulic excavator’s purchase cost is $172,600 (a cost of $6,000 is included for tires), salvage value is $17,200, and the useful life is 8 years at 1,600 hours per year. What is the hourly depreciation and interest cost of the equipment (if the estimated interest is 6.5% per year)? (Hint: you may use PMT function in excel for calculation)