A small accounting firm is considering the purchase of a


A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax forms. The software costs $2150 and this expense will be incurred immediately. The firm estimates that it will save $675 at the end of each year beginning in one year for 6 consecutive years, and also save $1856 in year 7. What is the payback on the computer package?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A small accounting firm is considering the purchase of a
Reference No:- TGS02411368

Expected delivery within 24 Hours