You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
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
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
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