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Walden Industries is considering investing in production - management software that costs $610,000, has $61,000 residual value, and leads to cost savings of $2,270,000 per
Walden Industries is considering investing in production - management software that costs $610,000, has $61,000 residual value, and leads to cost savings of $2,270,000 per year over its five - year life. Calculate the average amount invested in the asset that should be used for calculating the accounting rate of return. A. $671,000 B. $61,000 C. $335,500 D. $610,000
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