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  3. 6. a company purchases a machine for $800,000. the

6. A company purchases a machine for $800,000. The machine has an expected life of...

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Accounting

6. A company purchases a machine for $800,000. The machine has an expected life of 9 years and no salvage value. The company anticipates a yearly after-tax net income of $60,000 to be received uniformly throughout each year. What is the accounting rate of return? Show your work for credit. (1 point)

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