3. A company needs 5.3 years in order to recover all the cost of their investment $4.9M is the annual profit and 5.5% of the total investment is the annual depreciation. Determine the total investment of the company.

3. A company needs 5.3 years in order to recover all the cost of their investment $4.9M is the annual profit and 5.5% of the total investment is the annual depreciation. Determine the total investment of the company.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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3. A company needs 5.3 years in order to recover all the cost of their investment. $4.9M is the
annual profit and 5.5% of the total investment is the annual depreciation. Determine the total
investment of the company.

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