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A company is considering purchasing a machine for $24,300. The machine will generate income of $3,500 per year. Annual depreciation expense would be $1,000.
A company is considering purchasing a machine for $24,300. The machine will generate income of $3,500 per year. Annual depreciation expense would be $1,000. What is the payback period for the new machine? Multiple Choice 3.4 years 5.4 years 6.9 years 24.3 years 97 years
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
