Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. work included pls! bonita inc. wants to purcha

work included pls! Bonita Inc. wants to purchase a new machine...

60.1K

Verified Solution

Question

Accounting

work included pls!
image
Bonita Inc. wants to purchase a new machine for $44.400, excluding $1,200 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $2,000, and Bonita Inc. expects to sell it for that amount. The new machine would decrease operating costs by $10,000 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value. Click here to view PV table. Determine the cash payback period. (Round cash payback period to 2 decimal places, e.g. 10.53.) Cash payback period years Determine the approximate internal rate of return. (Round answer to 0 decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal rate of return

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The following statements are either accurate as written or contain some errors. You need to rewrite...

Biology
Q

Q9. Explain your agreement or disagreement with the following statement: “Cyclical decoration should be restricted to...

Civil Engineering
Q

Assume you have been recently hired by the Department of Transportation (DoT) to analyze motorized vehicle...

Advance Math
Q

Would a buffalo or a mountain lion be more affected by biomagnification Explain

Biology
Q

In a photoelectric experiment the stopping potential V versus applied frequency v graph for three...

Physics
Q

At what meter mark will Ario be when Miguel starts the race Round to the...

Geometry
Q

A company wants to make a box that has a volume of 422 cm cubed...

Basic Math
Q

If ? is in the first quadrant and cos ? = 3/5 , what is...

Basic Math
Q

Consider the following function.Correctw(x) = (x-4)Step 1 of 2: Determine the more basic function that...

Basic Math
Q

According to one source the world population can be modeled using the function P t...

Algebra
Q

(FORECAST) Chicago Company issued a 3-year term on January 1, 2017, with 10% nominal interest,...

Accounting
Q

After conducting a market research study, Ed Manufacturing decided to produce a new interior door...

Accounting