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Can someone help me get the incorrect answers. I tired these numbers and thsese numbers in positive form neither are correct. Exercise 24-3 Payback period
Can someone help me get the incorrect answers. I tired these numbers and thsese numbers in positive form neither are correct.
Exercise 24-3 Payback period computation; straightline depreciation LO P1 A machine can be purchased for $150,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value Year 1 $10,000 $25,000 $50,000 $37,500 $100,000 Year 2Year 3 Year 4 Year 5 Net income Compute the machine's payback period (ignore taxes). (Round payback period to 3 decimal places.) Answer is complete but not entirely correct. Cumulative Cash Flow Net Net Cash Year Depreciation Income Flow (150,000)$ 40,000$ $ 10,000 30,000 30,000 30,000 30,000 30,000 (150,000) (40,000) (95,000) (175,000) 2 55,000 25,000 50,000 37,500 100,000 4 5 Payback period 2.188 X yea
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