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Danielle Company purchased a new machine for $400,000 and will use the straight-line method of...

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Question

Accounting

Danielle Company purchased a new machine for $400,000 and will use the straight-line method of depreciation over 4 years with no salvage value. If the company's minimum annual rate of return is 10%, this investment must generate expected annual income of:

a.

$50,000
b.

$20,000
c.

$10,000
d.

$ 3,000

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