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Main auto buys a piece of equipment for 52400 that has a

Question - Main Auto buys a piece of equipment for $52,400 that has a useful life of 4 years. The equipment will generate operating cash flows of $17,450 per year and will have no salvage value at the end of its life. The income tax rate is 35%. Straight-line depreciation is used. What is the payback period?

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Accounting Basics: Main auto buys a piece of equipment for 52400 that has a

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