Question
The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year. Original cost of the asset $ 21,000 Useful life
The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year.
| Original cost of the asset | $ | 21,000 | |
| Useful life of the asset | 10 | Years | |
| Cash flow annual operating profit | $ | 4,750 | |
| Salvage value | $ | -0- |
| What is the return on investment (ROI) assuming Gamma (a) uses the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI? (Round your final ansewr to 2 decimal places.) |
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Integrated Auditing Of ERP Systems
Authors: Yusufali F. Musaji
1st Edition
0471235180, 978-0471235187
