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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Cristian has been offered positions by two cable companies The first company pays a salary...

Basic Math
Q

If np >= 5 and nq >= 5​, estimate Upper P( fewer than 6) with n...

Statistics
Q

Using the data provided: Plot the data. What does the plot tell you about the appropriateness of...

Statistics
Q

Increase volume of aqueous humor lead to a. Decrease intraocular pressure b. Increase intraocular pressure and may...

Medical Sciences
Q

The of a plant allows for pressure to increase but prevents the cell from swelling...

Biology
Q

Bilateria are characterized bya plane of symmetry that forms mirror images around any plane through...

Biology
Q

During the Age of Faith, what kind of churches were built?A. Small wooden structures.B. Open-Air...

Biology
Q

Two cells of unequal emfs E and E2 and internal resistances r and r2 are...

Physics
Q

4 103 A wedge of mass m and triangular cross section AB BC CA 2R...

Physics
Q

Haas Company manufactures and sells one product. The following information pertains to each of the...

Accounting
Q

Required information (The following information applies to the questions displayed below.) Sun Corporation received a...

Accounting
Q

A local factory assembling electric fan produces 20 units per month on the average and...

Finance