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Consider a company investing in a new project. Estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income for each year are given. If the initial investment is $100,000 and the investment depreciates linearly over 5 years with no salvage value, what are the annual depreciation expense, book value at the end of each year, net cash flows, and net income assuming net cash flows are $30,000 each year and there are no other revenues or expenses? What is the annual depreciation expense?
Sagot :
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