A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,698 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $6,471 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,301. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%? Enter your answer as follow: 123456

A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,698 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $6,471 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,301. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%? Enter your answer as follow: 123456

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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