Q 12.43: Clarendon Co. is considering purchasing new equipment with a 6-year useful life.The equipment...
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Q 12.43: Clarendon Co. is considering purchasing new equipment with a 6-year useful life.The equipment will cost $309,120 and have annual depreciation expense of $47,040 using the straight-line method.Clarendon plans to use the annual rate of return to evaluate this machine.What amount will Clarendon use in the denominator of formula?
a)$141,120
b)$168,000
c)$154,560
d)$178,080
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