Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. russnak corporation is investigating automating a

Russnak Corporation is investigating automating a process by purchasing a new machine for $526,000 that...

90.2K

Verified Solution

Question

Accounting

Russnak Corporation is investigating automating a process by purchasing a new machine for $526,000 that would have a 5 year useful life and no salvage value. By automating the process, the company would save $170,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $33,000. The annual depreciation on the new machine would be $105,200. (Ignore income taxes.) Required: Determine the simple rate of return on the investment. (Round your answer to 1 decimal place.)

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

Explain the treatment of non-controlling interest in the consolidated Statement of Comprehensive Inc

Accounting
Q

A) Does the pH increase, decrease or remain the same on the addition of the of...

Chemistry
Q

Please answer the following questions for the company Pfizer. 1. Research what strategic alliances your firm has...

General Management
Q

the following is are CORRECT K Sr Super 60 All haitanya IIT Academy 4 Space...

Physics
Q

1 white 2 red 3 green The earth radiates in the infra red region of...

Physics
Q

Draw a point that belongs to the solution region of this system of inequalities y...

Basic Math
Q

For 2018, Cristina, a 16-year-old living with her parents, has $2,400 of unearned income- $1,400...

Accounting
Q

Which of the following is NOT a property that depreciates over time? O Buildings Computers...

Accounting
Q

Which of the following cost is classified as a prime cost? Direct Materials Indirect Material...

Accounting
Q

You are scheduled to receive $15,000 in five years that will then be invested for...

Finance
Q

19. If the covariance between two investment returns, call them X1 and X2, is positive,...

Finance
Q

Instructions Edipse Solar Company operates two factories. The company applies factory overhead to jobs on...

Accounting