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dove298 dove298
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9 months ago

Buy-Rite Pharmacy has purchased a small auto for delivering prescriptions. The auto was purchased for $21,000 and will have a 6-year useful life and a $6,000 salvage value. Delivering prescriptions (which the pharmacy has never done before) should increase gross revenues by at least $34,000 per year. The cost of these prescriptions to the pharmacy will be about $29,000 per year. The pharmacy depreciates all assets using the straight-line method. The payback period for the auto is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)



▸ 4.2 years

▸ 3 years

▸ 5.4 years

▸ 5.8 years
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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webmom2008webmom2008
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9 months ago
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dove298 Author
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9 months ago
Thanks
asd454512
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Yesterday
Thanks for your help!!
gefa
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2 hours ago
This site is awesome
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