Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 441 Weeks Ago, 3 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 02 May 2017 My Price 2.00

The Gage Company purchased a machine

The Gage Company purchased a machine which will be depreciated by the straight-line method over its estimated 6 year life. The machine will have no salvage value. It will generate cash inflows of $7,000 each year over the next 6 years. Gage Company's required rate of return is 14%. If the net present value of this investment is $12,016, the purchase price of the machine was:

A) $30,016 B) $15,207 C) $17,916 D) $18,000

Answers

Alpha Geek
(8)
Status NEW Posted 02 May 2017 10:05 AM My Price 2.00

-----------

Attachments

file 1493721467-answer1.docx preview (83 words )
=----------- (I-----------gno-----------re -----------inc-----------ome----------- ta-----------xes----------- in----------- th-----------is -----------pro-----------ble-----------m.)----------- Th-----------e G-----------age----------- Co-----------mpa-----------ny -----------pur-----------cha-----------sed----------- a -----------mac-----------hin-----------e w-----------hic-----------h w-----------ill----------- be----------- de-----------pre-----------cia-----------ted----------- by----------- th-----------e s-----------tra-----------igh-----------t-l-----------ine----------- me-----------tho-----------d o-----------ver----------- it-----------s e-----------sti-----------mat-----------ed -----------6 y-----------ear----------- li-----------fe.----------- Th-----------e m-----------ach-----------ine----------- wi-----------ll -----------hav-----------e n-----------o s-----------alv-----------age----------- va-----------lue-----------. I-----------t w-----------ill----------- ge-----------ner-----------ate----------- ca-----------sh -----------inf-----------low-----------s o-----------f $-----------7,0-----------00 -----------eac-----------h y-----------ear----------- ov-----------er -----------the----------- ne-----------xt -----------6 y-----------ear-----------s. -----------Gag-----------e C-----------omp-----------any-----------'s -----------req-----------uir-----------ed -----------rat-----------e o-----------f r-----------etu-----------rn -----------is -----------14%-----------. I-----------f t-----------he -----------net----------- pr-----------ese-----------nt -----------val-----------ue -----------of -----------thi-----------s i-----------nve-----------stm-----------ent----------- is----------- $1-----------2,0-----------16,----------- th-----------e p-----------urc-----------has-----------e p-----------ric-----------e o-----------f t-----------he -----------mac-----------hin-----------e w-----------as:----------- A)----------- $3-----------0,0-----------16
Not Rated(0)