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FACULTAD
SALVADOR
Catedra:
Ingeniera
Tema:
Anlisis de Reemplazo
Adicional para el
Determinacin de la
Nuevo Activo
Carrera:
Ingeniera Civil
MULTIDISCIPLI
NARIA
ORIENTAL
DEPARTAMEN
TO DE
INGENIERIA Y
ARQUITECTUR
A
econmica
para Retencin
Defensor
Vida Econmica de un
1
$20,0
00
$70,0
00
2
$25,0
00
$60,0
00
3
$38,0
00
$50,0
00
4
$45,0
00
$40,0
00
5
$47,0
00
$30,0
00
1
$10,0
00
2
$12,0
00
3
$16,0
00
4
$17,0
00
5
$20,
000
$180,
000
$150,
000
$120,
000
$100,
000
$90,
000
VPR=[180,000(0.8929) + 150,000(0.7972) +
120,000(0.7118) + 100,000(0.6355) + 90,000(0.5674)][220,000 + 10,000(0.8929) + 12,000(0.7972) +
16,000(0.7118) + 17,000(0.6355) + 20,000(0.5674)]
VPR=480,334-270,035.7
VPR= $208,298.30
El nuevo tractor genera un VP mayor, Esto significa que
sera mayor rentable su adquisicin.
Para ver en qu ao tendra que ser realizado su cambio, se hace
uso de la siguiente tabla:
N
VM
Perdida
del VM
80,00
0
70,00
0
60,00
0
50,00
0
40,00
0
30,00
0
------------10,000
1
2
3
4
5
Costo del
Capital=
12% del VM
al principio
del ao.
Gastos
anuale
s.
Costo
total
(Marginal)
(VM+CC+
GA)
------------------ -----------9,600
20,000
--------------
CAUE
(Costo
Anual
Uniforme
Equivalen
te)
------------
39,600
39,600
41,393.16
0
45,485.13
5
48,730.44
3
50,787.91
3
10,000
8,400
25,000
43,400
10,000
7,200
38,000
55,200
10,000
6,000
45,000
61,000
10,000
4,800
47,000
61,800
Mantenimiento
Anual
$2,800
$2,500
$1,500
Valor de Mercado
$2,500
$2,000
$1,500
Ao 7
VA= -$20,000(A/P, 15%, 7) + $3,000(A/F, 15%,7) [$300(P/F,
15%,1) + [$100(P/G, 15%, 2) + $300(P/A, 15%, 2)] +
[$100(P/G, 15%, 3) + $300(P/A, 15%, 3)] + [$100(P/G, 15%,
4) + $300(P/A, 15%, 4)] + $600(P/A, 15%, 2) (P/F, 15%, 3) +
$600(P/A, 15%, 2) (P/F, 15%, 4) + $600(P/A, 15%, 2) (P/F,
15%, 5)] (A/P, 15%, 7)
VA=-$20,000(0.24036) + $3,000(0.09036) [$300(0.8696)
[$100(0.7561) + $300(1.6257)] + [$100(2.0712)
$300(2.2832)] + [$100(3.7864) + $300(2.8550)]
$600(1.6257) (0.6575) + $600(1.6257) (0.5718)
$600(1.6257) (0.4972)] (0.24036)
VA= -$5,650.30 VUE
+
+
+
+
El activo actual
adicionales.
se
mantendr
los
tres
(3)
aos
Salvamento
S=60,000(1-0.15)n
S=60,000
S=51,000
S=43,350
S=36,847.5
S=31,320.375
S=26,622.319
S=22,628.971
VS
Perdida
Costo del
Gastos
Costo
CAUE
del VM
Capital= 18%
del VS al
principio del
ao.
---------------------10,800
anuale
s.
total
(Margina
l)
----------75,000
------------94,800
60,000
51,000
------------9,000
43,350
7,650
9,180
75,000
91,830
36,847.5
6,502.5
7,803
75,000
89,305.5
31,320.3
75
26,622.3
19
22,628.9
71
5,527.12
5
4,698.05
6
3,993.34
8
6,632.550
75,000
5,637.668
75,000
4,792.017
75,000
87,159.6
75
85,335.7
24
83,785.3
65
5
6
-----------94,803.7
50
93,601.5
33
92,281.1
52
91,300.3
64
90,466.7
33
89,757.8
77
Retador n=2
VAR1= -220,000(A/P, 20%, 2) 65,000 +50,000(A/F, 20%, 2)
VAR1= -220,000(0.65455) 65,000 + 50,000(0.45455)
VAR1= $-186,274
Retador n=3
VAR= -220,000(A/P, 20%, 3) 65,000 +50,000(A/F, 20%, 3)
VAR= -220,000(0.47473) 65,000 + 50,000(0.27473)
VAR= $-155,704.10
Retador n=4
VAR= -220,000(A/P, 20%, 4) 65,000 +50,000(A/F, 20%, 4)
VAR= -220,000(0.38629) 65,000 + 50,000(0.18629)
VAR= $-140,669.30
Defensor n=0
VAD2=0
Retador n=5
VAR2= -220,000 (A/P, 20%, 5) 65,000 + 50,000(A/F, 20%,
5)
VAR2= -220,000(0.33438) 65,000 + 50,000(0.13438)
VAR2=$-131,845.00
El Retador VAR2<VAD2
Como el VAR2<VAD2, el defensor tiene que ser reemplazado. l VA
en cada opcin se puede calcular para comprobarlo.
En la Opcin 1, donde el Defensor n=3 aos y Retador n=2 aos.
VA= [-137,220(P/A, 20%, 3)-186,274(P/A, 20%, 2) (P/F, 20%,
3)] (A/P, 20%, 5)
VA= [-137,220(2.1065)-186,274(1.5278) (0.5787)] (0.33438)
VA=$-151,723.529
En la Opcin 2, el Defensor es reemplazado, ahora Retador n=5
aos.
VA=$-131,845.00
El defensor tiene que ser reemplazado por el retador