HSA6900Mod2DeliverableTables.docxThe cost to purchase the CT scan is $1,300,000 at 10% (PV), with straight line depreciation over 5 years. The trade-in value $130,000 at the end of its useful life. The maintenance expense equals $12,000 annually.
The cost to lease the equipment is $26,000 per month for a period of 60 months, which includes all maintenance costs. The tables below provide the financial overview of the purchase and lease costs.
Purchase
|
Year |
Principle Payment |
Interest Payment |
Maintenance Expense |
Total Expense |
PV Factor at 10% |
PV Expense |
|
1 |
|
|
|
|
0.909 |
|
|
2 |
|
|
|
|
0.826 |
|
|
3 |
|
|
|
|
0.751 |
|
|
4 |
|
|
|
|
0.683 |
|
|
5 |
|
|
|
|
0.621 |
|
|
Trade Value $130,000 |
|
|
|
|
0.621 |
|
|
|
|
|
|
|
|
|
Lease
|
Year |
Lease Payment |
PV Factor at 10% |
PV Expense |
|
1 |
|
0.909 |
|
|
2 |
|
0.826 |
|
|
3 |
|
0.751 |
|
|
4 |
|
0.683 |
|
|
5 |
|
0.621 |
|
|
|
|
|
|
