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RSB [31]
3 years ago
13

A machine can be purchased for $288,000 and used for five years, yielding the following net incomes. In projecting net incomes,

double-declining depreciation is applied using a five-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year 5 Net income $17,000 $34,000 $56,000 $48,000 $104,000Compute the machine's payback period (ignore taxes).

Business
1 answer:
kompoz [17]3 years ago
4 0

Answer:

2.54 years

Explanation:

See the image below:

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b) $12 million

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In the calulation of Net Pfofit, Interst on loan has already been deducted, so deducting it from the total calculation will be wrong.

hence, only dividend paid will be removed from the addition of the Book Value anf the Net profit.

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Closing balance = $10 + $5 - $3

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