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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

What method can be used to place two capitalinvestment proposals with unequal useful liveson a comparable basis?

To determine

Concept Introduction:

Payback Period:

Payback period is the period in which the project recovers its initial cost of the investment. It can be calculated by dividing the initial investment by the annual cash inflow from the project.

To Indicate:

The method to be used for evaluation of two investment proposal having unequal life

Explanation

Payback period is the period in which the project recovers its initial cost of the investment. It can be calculated by dividing the initial investment b...

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