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thank you A company is planning to purchase a machine that will cost $36,000 with a six-year life and no salvage value. The company expects
thank you A company is planning to purchase a machine that will cost $36,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3.000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $111.000 Sales Cash Basis) Costs Manufacturing Costs (Cash Basis) Depreciation on machine (Non-Cash Basis) Selling and administrative expenses (Cash Basis) Income before taxes Income tax (35%, Cash Basis) Net Income $59.000 6000 37.000 102.000) 9000 (3150) 5850 1.96 year 3.04 years 6.15 years. 6.00 years 12.31 years
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