Question
Hello, My question is there any way to calculate this on the calculator HP 10bll+ ?? Here is the question with the answer, I am
Hello, My question is there any way to calculate this on the calculator HP 10bll+ ??
Here is the question with the answer, I am looking for instruction how to calculate this on Financial caclulator:
Question 7
You are considering an equipment purchase costing $167,000. This equipment will be depreciated straight-line to zero over its three-year life. What is the average accounting return if this equipment produces the following net income?
Year Cash Flow
1 15,600
2 14,200
3 13,500
a) 18.29 percent
b) 18.38 percent
c) 15.67 percent
d) 17.29 percent
Answer
AAR = [($15,600 + 14,200 + 13,500)/3]/[($167,000 + 0)/2] = .1729, or 17.29 percent
Here is my guessing what I put on calculator:
CALCULATOR
CFJ 0: 15,600
CFJ 1: 14,200
CFJ 2: 13,500
and than what else??
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started