Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine can be purchased for $70,000 and used fo

A machine can be purchased for $70,000 and used for five years, yielding the following...

50.1K

Verified Solution

Question

Accounting

A machine can be purchased for $70,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $14,000. Year 1 Year 2 Year 3 Year 4 Year 5 Income $4,600 $11,600 $34,000 $17,300 $46,400 Compute the machines payback period. (Round payback period answer to 2 decimal places.)

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

Write an equation in standard form given slope =-3/4; P(-1,2)  a. 3x+ 4y =5 b. 3x-4y=5...

Basic Math
Q

Both parts. a) identify Fourier series for full wave rectified sine function f(x) = | sin(x) |. b)...

Advance Math
Q

6. The Very Long Baseline Array radio interferometer (VLBA) has a longest baseline of 8000 km...

Physics
Q

A thin tungsten wire (i.e. a filament) is heated to a given temperature T. In the...

Mechanical Engineering
Q

Problem 6.082 SI Steam undergoes an isentropic compression in an insulated piston–cylinder assembly from an initial state...

Mechanical Engineering
Q

0 In the circuit shown i will be equal to 30 1 1 A 3...

Physics
Q

According to a major credit card company the mean outstanding credit card debt of college...

Statistics
Q

Determine the remaining sides and angles of the triangle ABC A 26 36 B 26...

Algebra
Q

Cul de las siguientes afirmaciones sobre las fuerzas del entorno de marketing NO es cierta?...

Accounting
Q

XYZiemas of $200.000 Azn.thews $260.000 Amethit company XYZprato $250,000 in the coming period the changespected...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Timberly Construction makes a...

Accounting
Q

Dont tell me weve lost another bid! exclaimed Janice Hudson, president of Prime Products Inc....

Accounting