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  3. 5(chapter 6) optional. 2 points extra credit for p

5(Chapter 6) Optional. 2 points Extra Credit for perfect answer, showing work. (Hint: Do this...

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Accounting

5(Chapter 6) Optional. 2 points Extra Credit for perfect answer, showing work. (Hint: Do this on an Excel spreadsheet.) Operating costs of an automobile in Best Semiconductor Inc.'s (BSI) automotive pool (for its employees) are as follows for a car in year t of its age (e.g., year 1, year 2, etc.): USE AN EXCEL SHEET to answer.
t
1
2
3
4
5
6
1000
1500
1500
2000
3000
5000
Cost of auto replacement is \(\$ 30,000\). BSl's discount rate is \(10\%\). Salvage value if a caris, sold at age \( t \) is:
t
1
2
3
4
5
6
22,000
16,000
12,000
8,500
5,000
500
What is the minimum EAC? What is the optimal age of replacement for an auto in BSI's fleet?
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