Question

ultra corporation purchased an equipment costing $3,00,000 the expected after tax net income $9,000 each year it is predicted that the machine is expected to have a 12-Year service life and a residual value $60,000 company uses straight line depreciation compute this machine's accounting rate of return.
a) 3.75%
b) 3%
c) 2.5%
d)5%

Answer 1

Answer:

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