The total cost of a new robot system is $525,000. The salary and fringe...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The total cost of a new robot system is $525,000. The salary and fringe benefits of replaced workers is $83,200. The annual savings from using the robot is $25,000. Depreciation is 20% of the new robot system cost. Maintenance costs are $8,000 annually. The new staffing costs equal $60,000 per year. Robot Life Expectancy = 8 years. Determine the Payback Period in years. Round your answer to two decimal places.
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!
