Investment in an item of equipment is $18,000. It has a five-year life and no salvage value
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Investment in an item of equipment is $18,000. It has a five-year life and no salvage value and straight-line depreciation is used. The equipment is expected to provide an annual saving of $2,000, which does not include depreciation. What is the payback period?
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Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
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