Question
A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates yearly cash flows
A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates yearly cash flows of $8,860. 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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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
