A company buys a machine for ($ 180,000) that has an expected life of nine years and

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A company buys a machine for $\$ 180,000$ that has an expected life of nine years and no salvage value. The company expects an annual income of $\$ 8,550$. What is the accounting rate of return?

a. $4.75 \%$

b. $42.75 \%$

c. $2.85 \%$

d. $9.50 \%$

e. $6.65 \%$

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 26, 2024 04:03 AM

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A company buys a machine for ($ 180,000) that has an expected life of nine years and

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Financial And Managerial Accounting

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