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Garza Company is considering buying equipment for $320,000 with a useful life of five years...

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Accounting

Garza Company is considering buying equipment for $320,000 with a useful life of five years and an estimated salvage value of $16,000. If annual expected income is $28,000, the denominator in computing the annual rate of return is

$320,000.

$160,000.

$336,000.

$168,000.

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