What type of costs does total equipment owning cost include?

Total equipment owning cost encompasses a comprehensive range of expenses associated with possessing and maintaining equipment. This includes investment costs, which reflect the initial purchase price and any financing costs, along with the ongoing insurance costs required to protect the equipment against risks such as damage or loss. Additionally, taxes levied on the equipment (like property taxes) add to these costs, as well as storage expenses, which can arise if the equipment is not in constant use and needs to be stored properly. Lastly, repair costs are also included as they address the financial responsibilities related to keeping the equipment in operational condition.

This combination of factors provides a complete view of the financial implications of owning equipment, making option C the correct answer, as it fully captures the various types of costs involved.