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AreaThe anticipated purchase of an asset for $300,000, with a useful life of five years, no residual value, and depreciation assumed to be on straight-line

AreaThe anticipated purchase of an asset for $300,000, with a useful life of five years, no residual value, and depreciation assumed to be on straight-line basis, is expected to yield total net income of $150,000 for five years. The expected average rate of return on investment computed is 20%. True False

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