“New” method simplifies decision of when to replace orchards
AuthorsOscar R. Burt
Steven C. Blank
Authors AffiliationsO. R. Burt is Professor Emeritus, Department of Agricultural and Resource Economics, UC Davis; S.C. Blank is Financial Management Specialist, Department of Agricultural and Resource Economics, UC Davis.
Hilgardia 53(3):30-32. DOI:10.3733/ca.v053n03p30. May 1999.
This article presents a “new” method for making decisions on when to replace depreciable assets. The method is simpler than other standard methods because it uses only known cost data, avoiding the problems of using price forecasts. An application to cling peach orchards is given to explain and illustrate the method.
California Cling Peach Advisory Board. Orchard Production Survey. San Francisco, April 1995. 1994–95.
Hotelling H. A General Mathematical Theory of Depreciation. J Amer Stat Assoc. 1925. 20:340-53. https://doi.org/10.2307/2965518
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