Question
A company buys a machine for $60,000 that has an expected life of 10 years and a $4,000 salvage value. The company anticipates yearly cash
A company buys a machine for $60,000 that has an expected life of 10 years and a $4,000 salvage value. The company anticipates yearly cash flows of $10,046. What is the accounting rate of return? You should round your answer to 4 decimal places. For example, put your answer of 13.45% as .1345.
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
