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D Part 1 of 3 s needs to purchase a new...

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Accounting

D
Part 1 of 3
s needs to purchase a new truck. The owner is considering two different truck models that are curren ne two alternatives.)
v the Future Value of $1 table.)
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v the Future Value of an Ordinary Annuity table.)
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Truck A: Gorman can purchase Truck A for $48,000. The truck has a useful life of 9 years and will require annual maintenance costs of $1,400 each year. Gorman expects to sell the truck for $10,000 after 9 years.
Truck B; Gorman can purchase Truck B for $37,000. This truck also has a useful life of 9 years but will have no scrap value. It will require maintenance costs every three years as follows:
Year 3: $2,800
Year 6: $5,600
Year 9: $7,600
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