A machine costing $35,000 to buy and $4,000 year to operate will save mainly labor expenses packaging over six years The anticipated salvage value of the machine at the end of the six years is 15,000 To receive a 12 return on investment (rate of return), what is the minimum required annual Tings in...

A machine costing $35,000 to buy and $4,000 year to operate will save mainly labor expenses packaging

Question:

A machine costing $35,000 to buy and $4,000 year to operate will save mainly labor expenses packaging over six years. The anticipated of the machine at the end of the six years is 15,000. To receive a 12% return on investment (rate of return), what is the minimum required annual Tings in labor from this machine?
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...