TECHNICAL NOTE -- A NOTE ON THE COST OF OWNERSHIP, CAPITAL RECOVERY AND DEPRECIATION.

Proposes an after-tax version of the classical capital recovery equation and demonstrated its value as a screening device and as an expository tool to convey conceptual understanding of the cost of ownership, capital recovery and depreciation. Role of accountants in capital project appraisal; Equation for the annual cost of ownership of an asset; Depreciation associated with the asset producing the revenue stream.