Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data:Proposal Y Investment...
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Accounting
Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data:Proposal Y Investment $ 410, 000
Useful life 5 years $ 95, 000
Residual value $ 24, 000
Depreciation method Straigh line
Required rate of return 13 %
Calculate accounting rate of return for Proposal Y.
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