Value of the equipment have to be to make


Picado, Inc. is investigating an investment in equipment that would have a useful life of 8 years. The company uses a discount rate of 9% in its capital budgeting. The net present value of the investment, excluding the salvage value, is -$389,000. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Value of the equipment have to be to make
Reference No:- TGS0707263

Expected delivery within 24 Hours