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A bulk materials hauler purchased a used dump truck for $54,250 two years ago. The...

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Accounting

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A bulk materials hauler purchased a used dump truck for $54,250 two years ago. The operating costs have been $5,000 per month and revenues have averaged $7,500 per month. The truck was just sold for $11,000. The rate of return is closest to: between 2%-3% per month between 3%-4% per year ooo between 2%-3% per year between 3%-4% per month

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