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Required information [The following information applies to the questions displayed below.] Nick's...

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Accounting

Required information
[The following information applies to the questions displayed below.]
Nick's Novelties, Incorporated, is considering the purchase of new electronic games to place in its amusement houses. The games would cost a total of $300,000, have an eight-year useful life, and have a total salvage value of $20,000. The company estimates annual revenues and expenses associated with the games as follows:
Revenues
Less operating expenses:
$200,000
Commissions to amusement houses
Insurance
Depreciation
Maintenance
Net operating income
\table[[,$200,000
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