Use this table to calculate the buy back figure of all plant purchased in category "D"
Period of plant ownership
(weeks) | Plant use (hours) | Useage Charge | | Minimum Period 8 weeks | Minimum 280 hours | £2400 | | 8 to 12 weeks | 281 - 420 hours | £270/wk or 35 hours | | 13 to 25 weeks | 421 - 875 hours | £210/wk or 35 hours |
Calculated per complete week or multiples of 35hrs which is ever the greater.
Example 1.
Machine is kept for 9 weeks and is used for 314 hrs & was purchased for 10900.00 +VAT. Buy back price is 10900.00 - (2400 + 270) = 8230 + VAT
Equivalent to 42.38 /day + VAT
Example 2.
Machine is kept for 9 weeks but is used for 330 hrs & was purchased for 10900.00 + VAT. Buy back price is 10900.00 – (2400 + 540)=7960 + VAT
Equivalent to 46.66 /day + VAT.
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