Cessna 182 Plane Component Engine Propeller Interior

Cessna 182 PlaneComponentEnginePropellerInteriorNeeds to be replaced100 Hours40 hours3 years5 pilots with 20% stock ownershipCash in bank$ValueHrs Useful Life60002,568.00Appraised value of plane $175,000 with 4000 flying hours remaining5 pilots use 200 per year combinedAnnual maintenance costs $1700Fuel $6.15 per gallon – consumption 13 gallons per hourOil $5.40 per quart – consumed at .25 quarts per flying hourOther annual fixed costsAltimeter checkAnnual State certInsuranceHanger FeeFilters, hoses, misc$$$$$Other CostsTiresBattery650.00500.001,800.005,000.008,000.00$250.00 Life 250 hours350 Life 300 hoursIf you rent out the plane the Corporation would incur these additional expenses:Liability InsuranceAdded Maintenance & InspectionsAdmin Costs$5,000 annually$1,500 annually$4,000 annuallyRental cost $225.00 per hour43.75201000Replacement Cost17000ActivitiesAltimter CheckAnnual State CertInsuranceHanger FeeFilters,hoses, miscDon’t Rent out650500180050008000Rent out