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In excel please. 1) Coquitlam Construction Inc. has recently bought an asset costing $525,000. The asset assumes a useful of 4-year, $90,000 salvage value, and
In excel please.
1) Coquitlam Construction Inc. has recently bought an asset costing $525,000. The asset assumes a useful of 4-year, $90,000 salvage value, and is depreciated on a straight-line method. It is reported that the company posted net income of $15,000, $18,500, $20,000, and $21,000 over the last four years. Calculate the company's average accounting return over the past four years based on the information given above (Show all necessary calculations.) (25 marks)Step by Step Solution
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