Question
Determine the average rate of return from the following data of two machines, A and B. Cost Particulars Annual estimated income after depreciation and
Determine the average rate of return from the following data of two machines, A and B. Cost Particulars Annual estimated income after depreciation and income tax: Year 1 74 2 3 4 5 Estimated life (years) Estimated salvage value Machine A $56,125 Machine B $56,125 3,375 11,375 5,375 9,375 7,375 7,375 9,375 5,375 11,375 3,375 36,875 36,875 5 5 3,000 3,000 Depreciation has been charged on straight line basis.
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
