A company is planning to purchase a machine that will cost $24,600 with a six-year...
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Accounting
A company is planning to purchase a machine that will cost $24,600 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine?
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