Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine can be purchased for $90,000 and used fo

A machine can be purchased for $90,000 and used for five years, yielding the following...

60.1K

Verified Solution

Question

Accounting

image
A machine can be purchased for $90,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value. Net income 6,000 $15,000 $36,000 $22,500 60,000 Compute the machine's payback period (ignore taxes) (Round payback period answer to 4 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow (90,000)$ (90,000) 6,000 15,000 36,000 22,500 60,000 Payback period

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

Chemistry
1.2K views

How many milliliters of 0.100 M NaOH are required to neutralize the following solutions? (a) 8.00 mL...

Physics
1.2K views

5. You throw a ball into the air. It takes 6.0 ? for the ball...

Accounting
1.2K views

One of your audit clients approaches you about doing some additional work for the company. Some...

Biology
1.2K views

One difference between water soluble vitamins and fat soluble vitamins is that a water soluble...

Biology
1.2K views

2 Granger spokesperson for the group on the railroad tracks tells Montag Right now we...

Geometry
1.2K views

Which line of reflection maps point Kat 2 2 to K at 2 2 y...

Basic Math
1.2K views

Test the claim that the mean GPA of night students is larger than 2.4 at...

Algebra
1.2K views

2 3 4 5 6 7 T8 9 10 11 12 13 V IV 200m...

Accounting
1.2K views

Minden Company is a wholesale distributor of premium European chocolates. The companys balance sheet as...

Accounting
1.2K views

Let's begin by determining the formula that is used to calculate the variable cost (slope)

Accounting
1.2K views

On May 27, Buzz Off Inc. reacquired 3,500 shares of its common stock at $35...

Accounting
1.2K views

Wildhorse Company has sales of $1,657,000 for the first quarter of 2022. In making the...