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ENR 5,000 6,000 4,000 4,000 3,000 ______________________________________________

ID: 2620917 • Letter: E

Question

ENR                   5,000      6,000     4,000      4,000      3,000           

                  ______________________________________________

       time      0   1         2         3            4          5

                                                                                                     

Price of Machine = 20,000       r > 0   ITC = 0   

Given the information in the table above, suppose the Government increases the depreciation period on this asset from 3 to 5 years, which of the following is true?

a. ENR will increase in years 1 – 5, and the expected rate of profit on this investment will increase.

b. ENR will decrease in years 1 – 5, and the expected rate of profit on this investment will decrease.

            c. the present value of the expected net revenue stream will increase.

            d. ENR will increase in years 1-3 and decrease in years 4 & 5.

            e. ENR will increase in years 4 & 5 and decrease in years 1 thru 3.

Explanation / Answer

Assuming Change in Depreciation method took Place in Year 0,

b. ENR will decrease in years 1 – 5, and the expected rate of profit on this investment will decrease