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Exercise 24-4(Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A...

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Accounting

Exercise 24-4(Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1
A machine can be purchased for $60,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $12,000.
\table[[,Year 1,Year 2,Year 3,Year 4,Year 5],[Income,$3,900,$9,900,$32,000,$14,700,$39,600
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