2.A company buys a pickup truck for $25,000. Each year the truck is in service...
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Accounting
2.A company buys a pickup truck for $25,000. Each year the truck is in service the trade in value decreases by 20%. Maintenance on the truck will run $2,000 per year while increasing by 15% each year it is in service. The company uses an MARR of 12%. Find the Annual Equivalent Cost for the second year.
A. $9386.87
B. $5325.30
C.$7245.30
D.$6325.30
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