× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
pduvin pduvin
wrote...
Posts: 679
Rep: 0 0
6 years ago
The net initial investment for a new mainframe computer is $2,000,000. Annual cash flows are expected to increase by $800,000 per year. The equipment has a 10-year useful life. What is the payback period?
A) 4.00 years
B) 2.50 years
C) 2.00 years
D) 1.75 years
E) 0.75 years
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 64 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
Explanation:  B) $2,000,000/$800,000 = 2.5 years
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1182 People Browsing
Related Images
  
 268
  
 245
  
 303
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405