a machine is purchased for 150000 revenue for


A machine is purchased for $150,000. Revenue for the first year was $50,000. Over the total estimated life of 8 years, what must the annual revenue for years 2 through 8 equal to recover the investment, if costs are constant at $42,000 and a return of 10% per year is expected? A salvage value of $20,000 is anticipated.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: a machine is purchased for 150000 revenue for
Reference No:- TGS0500657

Expected delivery within 24 Hours