Please help me with show all calculation thanku Bartlett Car Wash Company is consideringthe purchase of a new facility. It would allowBartlett to increase its net income by$53,000 per year. Other information aboutthis proposed project follows:$ 510,0008 years$ 50,000Initial investmentUseful lifeSalvage valueAssume straight line depreciation method isused.Required:1.) Calculate the accounting rate of returnfor Bartlett.Note: Round your percentage answer to 2decimal places.2.) Calculate the payback period for Bartlett.Note: Round your answer to 2 decimalplaces.

Accounting rate of return is the net income divided by the investment Payback period is the period…

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $53,000 per year. Other information about this proposed project follows: Initial investment Useful life $ 510,000 8 years $ 50,000 Salvage value Assume straight line depreciation method is used. Required: 1.) Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places. 2.) Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places.

Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $53,000 per year. Other information about this proposed project follows: Initial investment Useful life $ 510,000 8 years $ 50,000 Salvage value Assume straight line depreciation method is used. Required: 1.) Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places. 2.) Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 18EB: Garnette Corp is considering the purchase of a new machine that will cost $342,000 and provide the...

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Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $113,216 per year. Other information about this proposed project follows: Initial investment $ 524,150 Useful life 10 years Salvage value $ 55,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.)
Bartlett Car Wash Company is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $98,389 per year. Other information about this proposed project follows: Initial investment $461,920 Useful life Salvage value 9 years $40,000 Assume straight line depreciation method is used. Required: 1. Calculate the accounting rate of return for Bartlett. Note: Round your percentage answer to 2 decimal places. 2. Calculate the payback period for Bartlett. Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. 20.52 X % 4.90 x years 1. Accounting Rate of Return 2. Payback Period
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Baird Rentals can purchase a van that costs $110,000; it has an expected useful life of five years and no salvage value. Baird uses straight-line depreciation. Expected revenue is $40,425 per year. Assume that depreciation is the only expense associated with this Investment. Required a. Determine the payback period. Note: Round your answer to 1 decimal place. b. Determine the unadjusted rate of return based on the average cost of the investment. Note: Round your answer to 1 decimal place. (l.e., .234 should be entered as 23.4). a. Payback period b. Unadjusted rate of return years %