Business, 24.04.2020 22:21 mettababeeeee

A company buys a machine for $61,000 that has an expected life of 8 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $2,900 after taxes of 32%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?

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A company buys a machine for $61,000 that has an expected life of 8 years and no salvage value. The...

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