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The following relates to a proposed equipment purchase: Initial investment $ 144,000 Salvage value $ 4,000 Estimated useful life 4 years Annual net cash flows
The following relates to a proposed equipment purchase: Initial investment $ 144,000 Salvage value $ 4,000 Estimated useful life 4 years Annual net cash flows $ 46,100 Annual depreciation expense $ 35,000 The annual income amount used to calculate the accounting rate of return is: Multiple Choice $11,100 $48,950 $12,100 $74,000 $46,100
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