财务管文档新理第九节课件.pptVIP

8.* The example in the book uses straight line depreciation to a zero salvage; that is why you can take the initial investment and divide by 2. If you use MACRS, you need to compute the BV in each period and take the average in the standard way. 8.* Students may ask where you came up with the 25%. Point out that this is one of the drawbacks of this rule. There is no good theory for determining what the return should be. We generally just use some rule of thumb. This rule would indicate that we reject the project. 8.* The answer to all of these questions is no. In fact, this rule is even wors