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If an asset has an original cost of $140,000 and is expected to have a...

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Accounting

If an asset has an original cost of $140,000 and is expected to have a $20,000 salvage value at the end of its ten-year estimated useful life, and generates annual net cash inflows of $10,000 each year, then the payback period is

Group of answer choices

15 years

14 years

16 years

17 years

Answer & Explanation Solved by verified expert
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