ABC Inc. purchases a loader to use at its asphalt plant.  Th…

ABC Inc. purchases a loader to use at its asphalt plant.  The purchase price delivered is $326,000. Tires for this machine cost $26,000.  ABC Inc. believes it can sell the loader after 6 years (2,800 hr/yr) of service for $75,000.  ABC Inc.’s cost-of-capital is 6.31%. What is the depreciation part of this machine’s ownership cost? Use time value method to calculate depreciation. (Please show all work as best as possible and type out anything that you would like to clearly articulate)