If an Asset Costs $16,000, Has an Expected Useful Life

question 26

Multiple Choice

If an asset costs $16,000, has an expected useful life of 8 years, is expected to have a $2,000 salvage value and generates net annual cash inflows of $2,000 a year, the cash payback period is

• A)8 years.
• B)7 years.
• C)6 years.
• D)5 years.

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Definitions:

Total Population

The complete count of all individuals within a specified territory, including citizens, non-citizens, and all demographic groups.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa, impacted by a history of slavery, segregation, and ongoing social and economic inequalities.

Manpower

The total number of workers available to perform a job or a task.

Slaves to Enlist

Refers to the historical practice of allowing enslaved individuals to join military forces, often in exchange for promises of freedom or rewards, seen in various conflicts including the American Civil War.