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factors a 8.27 A vibrat tory has vage val flow of rectly to period it the asse 12 years 8.28 You won commiss

factors a 8.27 A vibrat tory has vage val flow of rectly to period it the asse 12 years 8.28 You won commiss

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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UJ0 per ycal 101 all assct tmat mialy Cost B28,000, lany Cost $28 Ust $26, has a salvage value of $1500 whenever it is sold, and generates cash flow of $2900 per year. Use factors and a spreadsheet. 8.27 A vibrating sieve shaker in a soil analysis labora- tory has a first cost of $8000 and an expected sal- vage value of $500 when it is sold. A positive cash flow of only $900 per year can be attributed di- rectly to the shaker. (a) Determine the payback period if the required return is 8% per year. (b) If the asset will be in service for an estimated 12 years, should it be purchased? 8.28 You work part time selling mobile phone ads on a OINS commission basis. (a) Using factors and a spread- sheet, determine the number of years you would
Transcribed Image Text:UJ0 per ycal 101 all assct tmat mialy Cost B28,000, lany Cost $28 Ust $26, has a salvage value of $1500 whenever it is sold, and generates cash flow of $2900 per year. Use factors and a spreadsheet. 8.27 A vibrating sieve shaker in a soil analysis labora- tory has a first cost of $8000 and an expected sal- vage value of $500 when it is sold. A positive cash flow of only $900 per year can be attributed di- rectly to the shaker. (a) Determine the payback period if the required return is 8% per year. (b) If the asset will be in service for an estimated 12 years, should it be purchased? 8.28 You work part time selling mobile phone ads on a OINS commission basis. (a) Using factors and a spread- sheet, determine the number of years you would
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