Help A company is planning to purchase a machine that will cost $28,800 with a...
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Help A company is planning to purchase a machine that will cost $28,800 with a six-year life and no salvage value. The company expects to sell the machine 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? $ 96,000 Salen Coists: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (403) Net Income $50,300 4,800 36,000 (91,100) $ 4,900 (1,960) $ 2,940 Multiple Choice 50.00% 33.33% 10.21 Multiple Choice 50.00% 33,33% 10.21% 20.42% 4.B0%
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