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The following relates to a proposed equipment purchase: $ 144,000 Initial investment Salvage value Estimated useful life Annual net cash flows Annual depreciation expense
The following relates to a proposed equipment purchase: $ 144,000 Initial investment Salvage value Estimated useful life Annual net cash flows Annual depreciation expense $ 4,000 4 years $ 46,100 $ 35,000 The annual average investment amount used to calculate the accounting rate of return is:
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
