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Get PriceA rule of thumb for estimating a machine's insurance cost is 10 for every 1,000 of the machine'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.
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Get Pricea provision for costofremoval in depreciation rates, thereby increasing depreciation expense over the life of an asset. If we were to assume a 10% removal cost for an asset for which no salvage proceeds are expected to be received, the depreciation over the life of the asset would be 110% of the cost of the asset. Under costofservice
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Get PriceThe costs of mine closure and reclamation of the site now constitute a significant portion of mining cost. Hence, ore bodies that can be mined in a way that produces virtually no waste and that leaves a small surface "footprint" may have distinct economic and environmental advantages over ore bodies that produce large amounts of waste and ...
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