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Trimble Tree Farm is considering the purchase of new upkeep equipment totaling $135,000 in cost. The equipment would save $25,000 of cost annually for
Trimble Tree Farm is considering the purchase of new upkeep equipment totaling $135,000 in cost. The equipment would save $25,000 of cost annually for its life of 12 years. At the end of 12 years, the equipment would have no salvage value. The requiretate of return on the investment is 8%. What is the payback period of the Trimble's proposed investment?
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The payback period of the Trimbles proposed investment is 54 years WORKIN...
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
