If an asset costs $240,000 and is expected to have a $40,000
salvage value at the...
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Finance
If an asset costs $240,000 and is expected to have a $40,000salvage value at the end of its ten-year life, and generates annualnet cash inflows of $40,000 each year, the cash payback periodis
A.
7 years.
B.
6 years.
C.
4 years.
D.
5 years.
Answer & Explanation
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ANSWER B 6 YEARSACTUALLY BY LOOKING AT SUM
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