Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of the companies decided to buy a machine costing 185000 dinars, and estimated annual revenue before taxes and depreciation 44000 dinars during the next

image text in transcribed

One of the companies decided to buy a machine costing 185000 dinars, and estimated annual revenue before taxes and depreciation 44000 dinars during the next 5 years and has value at the end of the useful life (scrap ) 5000 company uses the straight - line method to calculate depreciation and income tax rate 40%. Required il : Counted for the payback period of this machine ? Payback period=* 4.432 0 4.411 O 4.534

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System

Authors: Ranajoy Ray Chaudhuri

3rd Edition

1137365811, 9781137365811

More Books

Students also viewed these Accounting questions