The Jones Company bought a new specialty machine that cost $120,000 with a 6 -year...
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Accounting
The Jones Company bought a new specialty machine that cost $120,000 with a 6 -year life with no residual value. The company plans to generate annual cash inflows of $25,000 each year for 6 years. Calculate the accounting rate of return. 6.22% 4.17% 5.36% 5.75%
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