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

sheridon Corporation is investigating automating a process by purchasing a new machine for $521,000 that...

70.2K

Verified Solution

Question

Accounting

sheridon Corporation is investigating automating a process by purchasing a new machine for $521,000 that would have a 5 year useful life and no salvage value. By automating the process, the company would save $145,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $28,000. The annual depreciation on the new machine would be $104,200. (Ignore income taxes.)

Determine the simple rate of return on the investment to the nearest tenth of a percent.

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

Ages 15 18 19 22 23 26 27 30 31 34 35 38 Number of...

Statistics
Q

J. S. Furnivall’s explanation of the “marketplace” is relevant to our Caribbean reality. Explain what this...

Psychology
Q

Figure-of-Merits of optical detectors: responsivity, sensitivity, contrast, time response, NEP, ect (Explain)

Electrical Engineering
Q

A Strategic Plan is a document that establishes the direction of a company. The process of...

General Management
Q

Use the illustration below to answer the question Cell Division 10 Which statement best describes...

Biology
Q

When an inscribed angle intercepts a inscribed angle create a triangle The central angle is...

Geometry
Q

Express the following fraction in simplest form only using positive exponents 3d 4n5 3 19...

Calculus
Q

The velocity of a parachutist during free fall is f t 65 1 e 0...

Calculus
Q

The company's variable selling and administrative expense per unit is $1.70. Fixed selling and administrative...

Accounting
Q

Which type of cost system, process, or job order, would be best suited for each...

Accounting
Q

For each of the following accounts, indicate the effect of a debit or a credit...

Accounting
Q

please help meee 10 Part...

Accounting