# 98% (42 Sat 6:46 PM Atika Ishtiaq Q E Firefox File Edit Oracle PeopleSoft Sign
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# 98% (42 Sat 6:46 PM Atika Ishtiaq Q E Firefox File Edit Oracle PeopleSoft Sign-in View X History Bookmarks Tools h ce canvas - Google Search Window Help X Er newconnect.mheducation.com X C Chegg Study Guided Solution X + C O https://newconnect.mheducation.com/flow/connect.html ? Search H & O?E Ch 11 Ex 11-7 Saved Help Save & Exit Submit Pictures Check my work Exercise 11-7 Accounting rate of return LO P2 econ 2301.pptx points A machine costs $600,000 and is expected to yield an after-tax net income of $23,000 each year. Management predicts this machine has a 10-year service life and a $120,000 salvage value, and it uses straight-line depreciation. Compute this machine's accounting rate of return. eBook Hint Accounting Rate of Return Choose Denominator: Choose Numerator: = Accounting Rate of Return Accounting rate of return Ask Print References 49 50 10A 19 wir PD $ ?Explanation / Answer
Accounting rate of return Average investment (600,000 +120000) /2 = 360000 Average Income after tax / Average Investment = Accounting rate of return 23000 360000 6.39%
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