The Indiana Highway Department wants to construct a new rural highway. The engineering team is considering two designs:a. Design A calls for a concrete pavement costing $90/ft. with a 20-year life, two paved ditches each costing $3/ft., three box culverts each costing $9,000/mile, annual maintenance costs of $1,800/mile, culvert cleaning costs of $450/mile every five years. Design A has a 20-year life. b. Design B calls for a bituminous pavement costing $45/ft. with a 10-year life, two sodded ditches each costing $1.50/ft., three pipe culverts each costing $2,250/mile with a 10-year life, replacement culverts will cost $2,400 each, annual maintenance costs of $2,700/mile, culvert cleaning cost of $225/mile every year, and annual ditch maintenance costs of $3/ft. Compare the two designs on the basis of equivalent worth per mile for a 20-year period. The interest rate is 6%. Which design is best? Why?

A. economic resources to be used or turned into cash within one year. b. reports assets, liabilities, and stockholders' equity. c. decrease assets; increase liabilities and stockholders' equity. d. increase assets; decrease liabilities and stockholders' equity. e. an exchange or event that has a direct and measurable financial effect. f. accounts for a business separate from its owners. g. the principle that assets should be recorded at their original cost to the company. h. a standardized format used to accumulate data about each item reported on financial statements. i. the basic accounting equation. j. the two equalities in accounting that aid in providing accuracy. k. the account credited when money is borrowed from a bank using a promissory note. l. cumulative earnings of a company that have not yet been distributed to the owners. m. every transaction has at least two effects. n. amounts presently owed by the business. transaction, separate entity assumption, balance sheet, liabilities, assets, current assets, notes payable, duality of effects, retained earnings, debit.