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What is economical life of equipments? Discuss the various factors for determining the economic life of equipments?
1 Answer
written 6.4 years ago by |
Construction equipment has two types of life estimates the economic life and physical life.
A machine can be rendered usable for long period of time through expensive maintenance and repair cost.
A equipments may have smaller economic life during which it gives more rate of return.
The economic life may …