Guide to machinery costs and contract rates
2009-10-12u2002·u2002machine's average value (in other words 1%), but if you know the actual insurance cost for your machine then use that figure instead. Estimated insurance cost/year = av. value ÷ 100 . Depreciation . Depreciation is the decrease in a machine's value over time. It is the amount of money you must put away every year to be able to replace the machine
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