Question: Why is this wrong? A machine can be purchased for $170,000 and used for ve years, yielding the following income. This income computation includes annual

Why is this wrong?

Why is this wrong? A machine can be purchased for $170,000 and

A machine can be purchased for $170,000 and used for ve years, yielding the following income. This income computation includes annual depreciation expense of $34,000. __ area. 1 3811's 11- 'mtr at; '1 $1511.19 '5. Income $11,400 $23,400 $54,000 $42,700 $113,500 Compute the machine's payback period. {Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) | 0 Answer is complete but not entinaiy correct. Initial invest Year 11 l1-2,?00 34,000 T6300 113,600 14?,600 Payback period = I 2.470 0 years (170,000) {121,600} 0 {62.20019 35,800 9 112,500 260,100

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!