Question
I am having trouble figuring out how to work this type of question? new machine cost $320,000 16 years useful life no salvage value new
I am having trouble figuring out how to work this type of question?
new machine cost $320,000
16 years useful life
no salvage value new
machine cost $54,000 per year to operate and maintain
saves $95,000 per year in labor and other costs
old machine can be sold now for scrap for $32,000
The simple rate of return on the new machine is closest to?
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Managerial Accounting
Authors: Carl Warren
14th Edition
1337516147, 978-1337270595
