FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
FIN & MANAGERIAL ACCT VOL 2 W/CONNECT
7th Edition
ISBN: 9781308675527
Author: Wild
Publisher: MCG/CREATE
Question
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Chapter 24, Problem 1PSA

1.

To determine

The straight-line depreciation for each year of the machine‘s life.

2.

To determine

The expected net income and net cash flow for each year of the machine‘s life.

3.

To determine

The payback period of the machine.

4.

To determine

The accounting rate of return of the machine.

5.

To determine

The net present value for the machine using a discount rate of 7%.

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On January 1, 20X1, Pinnatek Inc., which uses the straight-line method, purchases a machine for $72,000 that it expects to last for 12 years; Pinnatek expects the machine to have a residual value of $6,000. What is the annual depreciation rate? a. 9.7% b. 11.5%  c. 12.5% d. 6.25% e. 7.64% help
What was it's P/E ratio ?

Chapter 24 Solutions

FIN & MANAGERIAL ACCT VOL 2 W/CONNECT

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