The economic service life of an asset with the present worth (NPV) and annual worth (AE) values given is: (3 Pts) 8. NPV is kept AE if kept $ n years, $ 17,000 45,01918,102 16,286 -18,188 19,222 Years nn years, 15,455 2 -28,646 -57,655 – 72,867 4 a. 1 year b. 2 years c. 3 years d. 4 years e. 5 years
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Expert Answer
c. 3 years
Economic Service Life (ESL) is when the annual worth is the lowest. The lowest value of annual worth is 16286 pertaining to service life of 3 years. NPV numbers are irrelevant in determining
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