成管會-資本預算 - 會計

※ 引述《littleget (@@@@@@@@@@@@@@@@@@@@@@@)》之銘言：
: 麻煩高手幫我解決這題~關於NPV..thx
: Marine Corp. is considering the purchase of a new computer to further automate
: its accounting system.
: Management has been considering several alternative systems including a model
: labeled the P25.
: The supplier of the P25 has submitted a quote to the company of $7,500
: for the equipment plus $8,400 for software.
: Assume (lie equipment can be depreciated for tax over 3 years as follows:
: Year 1:$2,500; Year 2:$2,500;Year 3:$2,500.
: The software can be written off immediately for tax purpose.
軟體成本直接作當期費用處理，所以應該會造成第一年的節稅效果。
: The company expects to use the new machine for 4 years.
: The market for used computer system is such that Marine would realize $1,000
: for the equipment at the end of 4 years.
: The software would have no salvage value at that time,
: Marine management believes that introduction of the computer system will
: enable the company to dispose of its existing accounting equipment.
: The existing system has a book value of $200 and can be sold for $100.
: Management believes that it will realize improvements in operations from
: the new computer system that will be worth $8,000 per year before taxes,
: Marine uses a 10% discount rate for this investment and
: has a marginal income tax rate of 45%
: Compute NPV of investing P25.

0 1 2 3 4
|----------|----------|----------|-----------|
設備成本 (7,500)
折舊節稅 1,125 1,125 1,125
新設備殘值 1,000
軟體成本 (8,400)
軟體成本節稅 3,780
舊設備處分 100
舊設備處分節稅 45
稅後成本節省 4,400 4,400 4,400 4,400
-----------------------------------------------------
(11,975) 5,525 5,525 5,525 5,400
*1.0000 *0.9090 *0.8264 *0.7513 *0.6830
-----------------------------------------------------
5,452#

大概是這樣吧，希望是你要的答案。
有問題請指教thx
修改一下..
--
你可以叫我男奴。

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