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Required information (The following information applies to the questions displayed below] Peng Company is considering an investment expected to generate an average net income after
Required information (The following information applies to the questions displayed below] Peng Company is considering an investment expected to generate an average net income after taxes of $2,200 for three years. The investment costs $55,200 and has an estimated $7,200 salvage value. Compute the accounting rate of return for this investment, assume the company uses straight-line depreciation. 10 Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return
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