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Calculate the expected hourly owning and operating cost for the fourth year of the operation of the twin engine scraper with the following information. Use the sum of the year's digits method of depreciation. Delivered price $420,000 Tire cost $48,000 Estimated life 5 years Salvage value $57,000 Investment cost for the fourth year %8 of amount to be depreciated Tax, insurance and storage for fourth year %13 of book value (end of period) Operating conditions Severe Rated power 580 hp Fuel price $5.18/gallon Operator's wages $28.00/hour Hours operated 5 days a week and 11 hours per day Equipment remains idle for 16 days during the year, 1 year=52 weeks 365 days Cost of special items $24.02/hour Calculate the expected hourly owning and operating cost for the fourth year of the operation of the twin engine scraper with the following information. Use the sum of the year's digits method of depreciation. Delivered price $420,000 Tire cost $48,000 Estimated life 5 years Salvage value $57,000 Investment cost for the fourth year %8 of amount to be depreciated Tax, insurance and storage for fourth year %13 of book value (end of period) Operating conditions Severe Rated power 580 hp Fuel price $5.18/gallon Operator's wages $28.00/hour Hours operated 5 days a week and 11 hours per day Equipment remains idle for 16 days during the year, 1 year=52 weeks 365 days Cost of special items $24.02/hour

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