Equipment purchase prove, Assuming interest at 8%, did the

Equipment purchase prove

Assignment Help Business Economics

Reference no: EM131806966

A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8%, did the equipment purchase prove to be desirable?

Reference no: EM131806966

Questions Cloud

What are some of dilemmas addresses that are still important : What are some of the dilemmas she addresses that are still important today? What is a current news item that is similar to this issue?

Discuss how to account for partnership contributions : Prepare a written paper that discusses Accounting for Partnerships

What annual sum must he set aside : An engineer wishes to have $5 million by the time he retires in 40 years. Assuming 15% nominal interest, compounded continuously, what annual sum must he set as

Justify buying the heat exchanger unit : If 15% is an appropriate rate of return, what annual benefit is needed to justify buying the heat exchanger unit?

Equipment purchase prove : Assuming interest at 8%, did the equipment purchase prove to be desirable?

Make all necessary entries in appropriate governmental fund : Make all necessary entries in the appropriate governmental fund general journal and government-wide governmental activities general journal

What uniform deposits starting : What uniform deposits starting 3 years from now and continuing through year 16 are needed,if the account earns 6% interest?

Georgia institute of technology : Contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology How much should a new graduate pay in 10 equal annual payments

What are the two payments : The payment plan is 25% down, and the balance 2 years from now. If the transaction interest rate is 12% per year, what are the two payments?

User Account

All Pages