Question
Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $69,967 per year.
Bartlett Car Wash Co. is considering the purchase of a new facility. It would allow Bartlett to increase its net income by $69,967 per year. information about this proposed project follows:
| Initial investment | $ | 325,430 | |
| Useful life | 6 | years | |
| Salvage value | $ | 44,000 | |
| Calculate: 1. Accounting rate of return 2. Payback period | |||
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
