Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. -12 e view policies current attempt in progress ma

-12 E View Policies Current Attempt in Progress Martelle Company is performing a post-audit of...

90.2K

Verified Solution

Question

Accounting

image
-12 E View Policies Current Attempt in Progress Martelle Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $256,000, would have a useful life of nine years and zero salvage value and would result in net annual cash flows of $46.900 per year. Now that the investment has been in operation for one year, revised figures indicate that it actually cost $265,000, will have a useful life of 11 years, and will produce net annual cash flows of $40,300 per year. Assume a discount rate of 10%. Click here to view PV table Calculate the original and revised net present value. (If the net present value is negative, use either a negative sign preceding the number eg. 45 or parentheses eg. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e$ 125 124 and final answers to decimal places, e... 5,275.) Original net present value $ Revised net present value $ Does the project turn out as successful as predicted? The project as successful as predicted. turned out did not turn out e Textbook and Media

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