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# A company buys a machine for $60,000 that has an expected life of 9 years and has no salvage value. The company anticipates an annual net income of $2,850 after 30% taxes, and the cash flows will be received evenly

A company buys a machine for $60,000 that has an expected life of 9 years and has no salvage value. The company anticipates an annual net income of $2,850 after 30% taxes, and the cash flows will be received evenly throughout each year.

**What is the accounting rate of return?**

- Expert Answer

## The accounting rate of return ARR is a financial metric used to evaluate th View the full answer

**Related Book For**

## Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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