This is Accounting 2

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

A company buys a machine for $72,000 that has an expected life of nine years and no salvage value. The company anticipates a yearly net income of $5,850 after taxes of 30%, with the cash flows to be received evenly throughout of each year. What is the accounting rate of return?

 
Aug 24th, 2015

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8.13%.....................................................................................................................................

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Aug 24th, 2015

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Aug 24th, 2015
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Aug 24th, 2015
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