Question: An asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life. Straight-line depreciation will be used.

An asset costs $140000 and is expected to have a $20000 salvage value at the end of its 10-year life. Straight-line depreciation will be used. The asset is expected to generates net cash inflows of $20000 each year. The cash payback period for the asset is O 8 years. 07 years. 6 years. O 5 years

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