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Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5...

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Accounting

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Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Watson anticipates annual net income after taxes of $1,500 from the new machine. What is the 15 accounting rate of return assuming that Watson uses straight-line depreciation and that income is earned uniformly throughout each year? Multiple Choice Skipped 6.0% 8.0% 8.5% 10.0% 12.0%

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