Blue Spruce Company is considering investing in new equipment that will cost $1,433,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $25,300 over its useful life. Depreciation expense, using the straight-line rate. is $143.300 per year. Compute the cash payback period. (Round answer to 1 decimal place, eg. 15.2) Cash payback period years

Blue Spruce Company is considering investing in new equipment that will cost $1,433,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $25,300 over its useful life. Depreciation expense, using the straight-line rate. is $143.300 per year. Compute the cash payback period. (Round answer to 1 decimal place, eg. 15.2) Cash payback period years

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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