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04-05-2024
Business

Answered

What is the accounting rate of return for a piece of equipment costing $70,000 , has a useful life of 5 years and salvage value of $10,000 that provides annual cost savings of $25,000 ? ?
A. 18.57%
B. 35.71%
C. 2.8%
D. 41.67%

Answer :

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