Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank

Exercise 3

In conducting a replacement study of assets with different lives, can the annual worth values over the asset's own life cycle be used in the comparison, if the study period is ( a ) limited, ( b ) mited and the study period is not an even multiple of asset lives, and ( c ) mited wherein the period is a multiple of asset lives Explain your answers.