Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine can be purchased for $230,000 and used f

A machine can be purchased for $230,000 and used for five years, yielding...

60.1K

Verified Solution

Question

Accounting

image

A machine can be purchased for $230,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $46,000. Year 1 $15,600 Year 2 $38,600 Year 3 $106,000 Year 4 $58,300 Year 5 $ 154,400 Income Compute the machine's payback period. (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (230,000) $ (230,000) Year 1 $ 15,600 Year 2 38,600 Year 3 Year 4 106,000 58,300 154,400 Year 5 Payback period =

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

QuestionYou have a coupon for a local craft store that is for 40% off one...

Calculus
Q

23 A $1,000 par value bond was issued five years ago at a coupon rate of 12...

Finance
Q

Turn the following into a structured informative abstract. Metalinguistic awareness contributes to effective writing at university. Writing is...

Operations Management
Q

Question 1 0 / 1 pts A cell resting membrane potential (RMP) is closest to the equilibrium potential...

Medical Sciences
Q

constant of spring is k which has been compressed by an amount xo If x...

Physics
Q

er circuit is set up as shown The potential gradient across the potentiometer wire is...

Physics
Q

ing calculator is recommended ow is the number e defined e is the number such...

Calculus
Q

Question 1 (10 Points): Samsung Company uses a periodic inventory system. During April...

Accounting
Q

Required information Skip to question [The following information applies to the questions displayed below.]...

Accounting
Q

How important is social value creation? What do you mean by engaging and managing stakeholders?...

Accounting
Q

The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The...

Accounting
Q

Required information [The following information applies to the questions displayed below.) Fields Company has two...

Accounting