Question: A company buys a machine for $ 6 0 , 0 0 0 that has an expected life of 9 yers and no salvage value.

A company buys a machine for $60,000 that has an expected life of 9 yers and no salvage value. The company antocipates annual
Income of $2,850, with the cash flows to be recieved evey through ea h year. What is the accounting rate of return?

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