Use this table to calculate the buy back figure of all plant purchased in catergory "A".
Period of plant ownership (weeks)
Plant use (hours)
Useage Charge
Minimum period 8 weeks
Minimum 280 hours
£800.00
8 to 12weeks
281 - 420 hours
£80.00/wk or 35 hrs
12 to 25weeks
421 - 875 hours
£60.00/wk or 35 hrs
Example 1.
Machine is kept for 9 weeks and is used for 314 hrs & was purchased for 4900.00 +VAT. Buy back price is 4900.00 - (800 + 80) = 4020+ VAT
Equivalent to 13.96/day + VAT.
Example 2. Machine is kept for 9 weeks but is used for 330 hrs & was purchased for 4900.00 + VAT. Buy back price is 4900.00 – (800 +160) = 3940.00 + VAT
