Which of the following is true of the cash payback period? a.the longer the payback, the longer the estimated life of the asset b.the longer the payback, the sooner the cash spent on the investment is recovered c.the shorter the payback, the less likely the possibility of obsolescence d.All of these answers are correct.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is true of the cash payback period?
a.the longer the payback, the longer the estimated life of the asset
b.the longer the payback, the sooner the cash spent on the investment is recovered
c.the shorter the payback, the less likely the possibility of obsolescence
d.All of these answers are correct.
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