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Doris Co. is considering purchasing a new machine which will cost $200,000, but which will decrease cash expenses each year by $20,000. The useful life of the machine is 10 years. The machine would be depreciated straight-line with no residual value over its useful life at the rate of $20,000 per year. what is the payback period ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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