A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value.The company uses straight-line depreciation.The company anticipates a yearly net income of $2,850 after taxes of 30%,with the cash flows to be received evenly throughout each year.What is the accounting rate of return?

Question

Quizplus · Accepted Answer

The Answer of A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value.The company uses straight-line depreciation.The company anticipates a yearly net income of $2,850 after taxes of 30%,with the cash flows to be received evenly throughout each year.What is the accounting rate of return?

A Company Buys a Machine for $60,000 That Has an Expected