Cost

Field repair parts costs are accrued on a machine working-hour basis to offset the costs for supplying parts necessary to keep the equipment operating in good condition.

Field repair labor costs are accrued on a machine working-hour basis to offset charges incurred to perform normal field repair and maintenance.

Equipment field repair is a segment of operating cost defined as routine, daily servicing of the equipment and would include repairing, replacing or adjusting small components such as pumps, [...]

Overhaul parts costs are accrued for each machine working-hour to offset costs incurred for periodic replacing, rebuilding and reconditioning of major components, such as engines, transmission, [...]

Overhaul labor is accrued for each machine working-hour to offset charges incurred to replace, rebuild and recondition major components and are to be included whether repair is performed in the [...]

Overhaul reflects costs necessary to keep a machine functional throughout its economic life: the periodic rebuilding of engines, transmissions, undercarriages, hydraulic pumps, cylinders and [...]

Resale value is the current fair market value of a piece of equipment expressed in total dollars.

The list price represents the manufacturer suggested price for a complete working machine F.O.B. factory.

Freight refers to the transportation cost from factory to Owner's yard in total dollars.

Sales tax refers to a compulsory contribution to state revenue imposed by the government a the point of sale on goods and services.