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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 an
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 $2,100 for three years. The investment costs $52,500 and has an estimated $6,300 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: 1 = Accounting Rate of Return Accounting rate of return
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