Peng Company is considering an investment expected to generate an average net income after taxes...
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Accounting
Peng Company is considering an investment expected to generate an average net income after taxes of $2,500 for three years. The investment costs $45,600 and has an estimated $6,600 salvage value Compute the accounting rate of return for this investment, assume the company uses straight-line depreciation. Accounting Rate of Return Choose Denominator: Choose Numerator: - Accounting Rate of Return Accounting rate of return
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