A company buys a machine for $64,000 that has an expected life of 5 years and no salvage value. the company anticipates a yearly net income of $3,050 after taxes of 38%, with the cash flows to be received evenly throughout each year. what is the accounting rate of return?
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company buys a machine for $64,000 that has an expected life of 5 years and no salvage value. the company anticipates a yearly net income ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » A company buys a machine for $64,000 that has an expected life of 5 years and no salvage value. the company anticipates a yearly net income of $3,050 after taxes of 38%, with the cash flows to be received evenly throughout each year.