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A machine can be purchased for $70,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $14,000.
A machine can be purchased for $70,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $14,000. Income Year Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 $4,600 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. $ Year 2 $11,600 Net Income Depreciation 4,600 11,600 34,000 17,300 46,400 Year 3 $34,000 Year 4 $17,300 Net Cash Flow $ (70,000) $ Payback period = Year 5 $46,400 Cumulative Net Cash Flow (70,000) 
A machine can be purchased for $70,000 and used for five years, ylelding the following income. This income computation includes annual depreciation expense of $14,000. Compute the machine's payback period. Note: Round payback period answer to 2 decimal places
A machine can be purchased for $70,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $14,000. Income Year Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 $4,600 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. $ Year 2 $11,600 Net Income Depreciation 4,600 11,600 34,000 17,300 46,400 Year 3 $34,000 Year 4 $17,300 Net Cash Flow $ (70,000) $ Payback period = Year 5 $46,400 Cumulative Net Cash Flow (70,000)
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Auditors Guide To IT Auditing
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
