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TB MC Qu. 11-99 (Algo) The following relates... The following relates to a proposed equipment purchase: Initial investment Salvage value Estimated useful life Annual net

TB MC Qu. 11-99 (Algo) The following relates... The following relates to a proposed equipment purchase: Initial investment Salvage value Estimated useful life Annual net cash flows Annual depreciation expense $ 159,000 $ 6,000 4 years $ 53,600 $ 38,250 The annual income amount used to calculate the accounting rate of return is: Multiple Choice $53,600 $15,350 $16,850 $91,850 $52,100

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