財務(wù)成本管理英語04-資料下載頁
2025-04-04 01:53本頁面
【正文】 Those cash flows that are specifically received or incurred as a result of the acceptance of the project（future–incremental–cash flows）. Asset replacement decision Factors to be considered when making replacement decision are as follows: capital cost of new equipment?！ perating costs, increased repair and maintenance costs?！ oss of productivity。 lower of quality and quantity of output。 One application of discounted cash flow is to make decisions concerned with the replacement of Machinery. This applies to short – life assets that will need to be replaced in perpetuity （. motor Cars or photocopiers）. As a machine gets older, it is likely to cost more to keep it running and its Scrap value will decrease. The aim is to find the optimal replacement cycle for the machine, . how often it should be replaced － before it bees uneconomic to own. A simple approach would involve finding the total cost of keeping an asset for 1,2,3 years, etc, Then finding an average annual cost. DCF Version Now, each possible replacement cycle is treated as a project （1year, 2year, or 3year project）. You calculate the NPV of each project （rather than just the total cost）. Instead of dividing the NPV’s by 1,2,or 3, they’re divided by the 1,2, or 3year annuity factor To find an equivalent annual cost. Equivalent annual cost =8 /
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