A company is planning to purchase a machine that will cost $33,000, will have a...
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Accounting
A company is planning to purchase a machine that will cost $33,000, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Multiple Choice 5.50% 33.33% 2182% 6.55% 50.00%
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