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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 $1,950 for three years. The investment costs $45,000 and has an estimated $6,000 salvage value. straight-line depreciation Compute the accounting rate of return for this investment; assume the company uses Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of return =
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