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Auto Detailers is buying some new equipment at a cost of $188 900 This equipment will be depreciated on a straight line basis to a zero book value its eight year life The equipment is expected to

Auto Detailers is buying some new equipment at a cost of $188 900 This equipment will be depreciated on a straight line basis to a zero book value its eight year life The equipment is expected to

Auto Detailers is buying some new equipment at a cost of $188, 900. This equipment will be depreciated on a straight-line basis to a zero book value its eight-year life. The equipment is expected to generate net income of $11,000 a year for the first four years and $24,000 a year for the last four years. What is the average accounting rate of return? 15.48 percent 17.76 percent 18.09 percent 22.68 percent 18.53 percent
 
mahesh 15-Apr-2020

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