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3 A company is planning to purchase a machine that will cost $34,200, will have a six-year life, and will have no salvage value. The

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A company is planning to purchase a machine that will cost $34,200, will have a six-year life, and will have no salvage value. The company sell the machine's output of 3,000 units evenly throughout each year. A projected income stotement for each year of the asset's life appears below. What Is the accounting rate of return for this machine

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