A machine can be purchased for $230,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $46,000. Year Year 1 Year 21 Income $15,600 $38,600 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 3 Year 4 $106,000 $58,300 Net Income Depreciation $ 15,600 38,600 106,000 58,300 154,400 Year 5 $154,400 Net Cash Flow $1 (230,000) $ Payback period Cumulative Net Cash Flow (230,000) 0 0

A machine can be purchased for $230,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $46,000. Year Year 1 Year 21 Income $15,600 $38,600 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 3 Year 4 $106,000 $58,300 Net Income Depreciation $ 15,600 38,600 106,000 58,300 154,400 Year 5 $154,400 Net Cash Flow $1 (230,000) $ Payback period Cumulative Net Cash Flow (230,000) 0 0

Name: D A machine can be purchased for $230,000 and used for five years, yie
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Description: D A machine can be purchased for $230,000 and used for five years, yielding the following income. This income computation includesannual depreciation expense of $46,000.Year 2IncomeYear 1Year 3 Year 4$15,600 $38,600 $106,000 $58,300Compute the machin

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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