Business, 03.12.2019 18:31 kekeke68

Acompany is planning to purchase a machine that will cost $24,000, have a six-year life, and be depreciated over a three-year period with no salvage value. the company expects to sell the machine's output of 3,000 units evenly throughout each year. a projected income statement for each year of the asset's life appears below. what is the payback period for this machine?

sales $90,000
costs:
manufacturing $52,000
depreciation on machine 4,000
selling and administrative expenses 30,000 (86,000)
income before taxes $4,000
income tax (50%) (2,000)
net income $2,000
24 years.

12 years.

6 years.

4 years.

1 year.

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Acompany is planning to purchase a machine that will cost $24,000, have a six-year life, and be depr...

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