Raritan Ltd.s ROI on a piece of recently acquired equipment was 24% using end-of-year net...
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Raritan Ltd.s ROI on a piece of recently acquired equipment was 24% using end-of-year net book value. The original cost of the equipment was $212324. Net income for the current year (before tax) from other assets was $287269. Accumulated depreciation on the new equipment at the beginning of the year was $9494, representing one-half years straight-line depreciation What is this years before-tax net income from the new equipment plus the other assets?
Select one:
a. $335948
b. $57793
c. $338227
d. $331391
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