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Willard Inc replaced an old machine with a new one that was bought for $103,603.This spent an additional $21,052 in installation cost. This Is a
Willard Inc replaced an old machine with a new one that was bought for $103,603.This spent an additional $21,052 in installation cost. This Is a bigger machine is expected to save l $59,708 In working capital. The old machine that was being depreciated under MACR'S method is a five year asset class was bought 6 years ago for $75,000 and is now fully depreciated. and is sold to a dealer for $16,417XYZ is in 40% tax bracket. What is the initial investment?
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