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Business, 12.03.2020 05:07 TheOriginal2x

A plant asset of $180,000 is expected to generate $80,000 in operating cash savings (excluding depreciation expense) annually for three years. Assume straightminusline depreciation is used. The useful life is 3 years. The asset has no expected residual value. Ignore income taxes. The accounting rate of return based on the initial investment is

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