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Business, 14.04.2020 15:57 winstonbendariovvygn

Sales $ 225,000 Costs Materials, labor, and overhead (except depreciation on new equipment) 120,000 Depreciation on new equipment 30,000 Selling and administrative expenses 22,500 Total costs and expenses 172,500 Pretax income 52,500 Income taxes (30%) 15,750 Net income $ 36,750 Compute the accounting rate of return for this equipment.

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Sales $ 225,000 Costs Materials, labor, and overhead (except depreciation on new equipment) 120,000...
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