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! Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below! Peng Company is considering
! Required information Use the following information for the Quick Study below. [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 $3,000 for three years. The investment costs $57,000 and has an estimated $8,100 salvage value. QS 24-7 Computation of accounting rate of return LO P2 Compute the accounting rate of return for this investment assume the company uses straight-line depreciation. Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return 0
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