Question: Apply the Concepts THE ANSWER IS NOT 2 4 0 , 0 0 0 and 8 7 0 , 0 0 0 SO STOP PUTTING

Apply the Concepts
THE ANSWER IS NOT 240,000 and 870,000 SO STOP PUTTING THAT AS THE ANSWER FIND ANOTHER NUMBER BECAUSE ITS CLEARLY WRONG
A company plans to make a new product that requires new equipment costing $1,600,000. Both the product and equipment have a life of four years. The equipment will be depreciated on a straight-line basis, with no expected salvage value. The annual income statement for the product is given below.
\table[[Revenues,$1,800,000
Apply the Concepts THE ANSWER IS NOT 240,000 and 870,000 SO

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