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

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Accounting

Required information Skip to question [The following information applies to the questions displayed below.] Falcon Crest Aces (FCA), Incorporated, is considering the purchase of a small plane to use in its wing-walking demonstrations and aerial tour business. Various information about the proposed investment follows: Initial investment $ 250,000 Useful life 10 years Salvage value $ 25,000 Annual net income generated $ 5,600 FCA's cost of capital 8% Assume straight line depreciation method is used.

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