Question
Question 32 Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $59,000 and its expected life is
Question 32
Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $59,000 and its expected life is 10 years. The payback for this investment is four years. Assuming equal yearly cash inflows, what are the expected annual net cash savings from the new software? (assume the investment has no residual value)
| A. | $5,900 | |
| B. | $44,250 | |
| C. | $14,750 | |
| D. | $236,000 |
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Project Management Accounting Budgeting Tracking And Reporting Costs And Profitability
Authors: Kevin R. Callahan, Gary S. Stetz, Lynn M. Brooks
1st Edition
0470044691, 978-0470044698
