Question
Question 9 (2 points) A new piece of equipment, which is expected to last 10 years, costs 20000. The annual depreciation is thus $20000/10. The
Question 9 (2 points)
A new piece of equipment, which is expected to last 10 years, costs 20000. The annual depreciation is thus $20000/10. The equipment generates an annual net return of $8000. What is the simple rate of return? (express as 0.xx)
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Auditing And Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
5th Edition
007333720X, 9780073337203
