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TB MC Qu. 24-98 The following data concerns... The following relates to a proposed equipment purchase: Cost $ 134,500 Salvage value $ 3,500 Estimated useful

TB MC Qu. 24-98 The following data concerns... The following relates to a proposed equipment purchase: Cost $ 134,500 Salvage value $ 3,500 Estimated useful life 4 years Annual net cash flows $ 45,600 Depreciation method Straight-line The annual average investment amount used to calculate the accounting rate of return is:

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