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A company buys a machine for $69,000 that has an expected life of 7 years and no salvage value. The company anticipates annual income of
A company buys a machine for $69,000 that has an expected life of 7 years and no salvage value. The company anticipates annual income of $3,300, with the cash flows to be received evenly throughout each year. What is the accounting rate of return
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