Produce an excel sheet that shows: 1. 5-year projection of all (3) data points.

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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You have the following historical year information:
New purchases
Sales of old equipment
Gross fixed assets, ending
$300.00
$12.00
$4,000.00
You also know the following assumptions:
Growth in new purchases will be 5% in the first year, and 10% in all subsequent years.
Sales of equipment % New purchases will be constrained to 3% / year indefinitely.
Produce an excel sheet that shows:
1. 5-year projection of all (3) data points.
Transcribed Image Text:You have the following historical year information: New purchases Sales of old equipment Gross fixed assets, ending $300.00 $12.00 $4,000.00 You also know the following assumptions: Growth in new purchases will be 5% in the first year, and 10% in all subsequent years. Sales of equipment % New purchases will be constrained to 3% / year indefinitely. Produce an excel sheet that shows: 1. 5-year projection of all (3) data points.
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