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Amachine can be purchased for $350,000 and used for 5 years, yielding the following net incomes. In projecting net incomes, double-declining balance depreciation is applied,
Amachine can be purchased for $350,000 and used for 5 years, yielding the following net incomes. In projecting net incomes, double-declining balance depreciation is applied, using a 5-year life and a zero salvage value. Year 1 Year 2 Year 3 Year 4 Year5 Total Net income ($50,000 $26,000 $319,600 $39,760 $49,640 $385,000 Compute the machine's payback period (ignore taxes). 025932"105883
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