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Cullumber Company is considering buying a machine for $140000 with an estimated life of 10 years and no salvage value. The straight-line method of
Cullumber Company is considering buying a machine for $140000 with an estimated life of 10 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $2000 each year. The cash payback period on this investment is O 35.00 years O 8.75 years. O 10.00 years 0.7.00 years.
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