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The following relates to a proposed equipment purchase: Initial investment Salvage value Estimated useful life Annual net cash flows Annual depreciation expense $ 142,100
The following relates to a proposed equipment purchase: Initial investment Salvage value Estimated useful life Annual net cash flows Annual depreciation expense $ 142,100 $ 3,900 4 years $ 46,000 $ 34,550 The annual average investment amount used to calculate the accounting rate of return is:
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
