Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine can be purchased for $90,000 and used fo

A machine can be purchased for $90,000 and used for five years, yielding the following...

60.1K

Verified Solution

Question

Accounting

image
A machine can be purchased for $90,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value. Net income 6,000 $15,000 $36,000 $22,500 60,000 Compute the machine's payback period (ignore taxes) (Round payback period answer to 4 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow (90,000)$ (90,000) 6,000 15,000 36,000 22,500 60,000 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

death and dying 1500 words essay

Psychology
Q

Derive the critical fiber volume fraction with respect to strength and explain what is it.

Mechanical Engineering
Q

You have just been appointed to a special Presidential Task Force on Economic Growth. You are...

Economics
Q

Normally adipocytes appear empty because light goes through the stored fat the same way itgoes...

Biology
Q

must happen due to organisms innate desire to survive Orequires the operation of natural selection...

Biology
Q

Self inductance of solenoid is L which is mad by a wire of length then...

Physics
Q

A solid sphere of mass m rolls without slipping down on inclined plane with an...

Physics
Q

from the wire Pick out the WRONG statement 1 The gain in the K E...

Physics
Q

Triangle ABC has vertices at (-4, 0), (-1, 6) and (3, -1). What is the...

Geometry
Q

5 Tom and Jenny are newlyweds in their late 20s Together they earn 90 000...

Basic Math
Q

Divide the following. Give your answer in the form quotient+ remainder/divisor20x3-10x2 -18x -4/4x + 2

Basic Math
Q

You want to create a portfolio equally as risky as the market, and you have...

Accounting