What is EQUIVALENT ANNUAL COST?

Calculated yearly cost for owning an asset, tallied up to a to-date, life-time cost of ownership.

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Related Legal Terms
EQUIVALENT LABOR, TOTAL COST OF OWNERSHIP (TCO), ANNUAL DEPRECIATION, MORTALITY COST, TAX-EQUIVALENT YIELD, ANNUAL PENSION, CASH EQUIVALENT, ANNUAL FIXED RATE, ANNUAL VALUE, GUARANTEED ANNUAL WAGE (GAW)


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