Mathematics, 21.03.2021 05:00 CoolRahim9090
A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $2,850 after taxes of 30%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? A) 2.85%. B) 4.75%. C) 6.65%. D) 9.50%. E) 42.75%.
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