Micro The D Heart 123431 5. 1&course id 1195146,1&content id bapps/assessment/take/launch,jsp?/course assessment id 375163 v Question Completion Status QUESTION1 A company is planning to purchase a machine that will cost $24,000, have a sx year life, and be depreciated using the straight-line method with no salvage value. The company expects to sell the machine's output of 3 throughout each year. A projected income statement for each year of the asset's life appears below. ,000 units evenly $90,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (50%) Net income $52.000 4,000 30,000 (86,000) S 4.000 S 2,000 What is the payback period for this machine? O 24 years 12 years 6 years 4 years 1 year and Submit to save and submit. Chick Save All Ansers to sque all ansuers Q- Bus 224 Extra Cred...xl ^ Bus 224 xlsx 2 in Class Exerc QUESTION 1 A company is planning to purchase a jeargf vhe aser lie appearul 300 uns cvemy thment Sales S90,000 Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (50%) Net income $52,000 4,000 30,000 86.000) $ 4,000 2.000) S 2,000 e 12 years 6 years 04 years to save all Ch 2 in Class Exerc..sxBus 224 Extra Cred.... atistics T...s