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The following data concerns a proposed equipment purchase: Cost $159,000 $ 6,000 Salvage value Estimated useful life Annual net cash flows Depreciation method years $
The following data concerns a proposed equipment purchase: Cost $159,000 $ 6,000 Salvage value Estimated useful life Annual net cash flows Depreciation method years $ 53,600 Straight-line Ignoring Income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice $52,100 $15,350 $16,850 $91,850 $53,600
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