Required information (The following information applies to the questions displayed below.) Peng Company is considering...
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Required information (The following information applies to the questions displayed below.) Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years. The investment costs $58,500 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 - Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting rate of return
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