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Business, 02.06.2021 22:40 adriandehoyos1p3hpwc

The following information was presented by Outdoors Manufacturing Company for an asset purchased at the beginning of the previous year. Original cost of the asset$20,000 Useful life of the asset 10years Cash flow annual operating profit$4,000 Salvage value$-0- What is the return on investment (ROI) assuming Outdoors uses (a) the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI

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