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Some Guidelines for Evaluating Capital Investment Alternatives with Unequal Lives
Gary W. Emery
Vol. 11, No. 1 (Spring, 1982), pp. 14-19
Stable URL: http://www.jstor.org/stable/3665499
Page Count: 6
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This paper provides guidelines for evaluating mutually exclusive investment alternatives with unequal lives. A taxonomy of unequal lives problems is used to determine when alternatives are or are not comparable and to determine the length of the interval over which they should be evaluated. The economic life of an alternative is used to obtain the costs of acquiring and operating future generations of equipment.
Financial Management © 1982 Financial Management Association International