Question
The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year. Original cost of the asset 20,000 Useful life of
The following information was presented by Gamma Manufacturing Company for an asset purchased the previous year.
| Original cost of the asset | 20,000 | |
| Useful life of the asset | 10 | years |
| Cash flow annual operating profit | 4,500 | |
| Salvage | 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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Agile Auditing Transforming The Internal Audit Process
Authors: Rick A. Wright Jr. CIA
1st Edition
1634540689, 978-1634540681
