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Calculate the accounting rate of return

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Question - Barnes Company purchases a machine for $500,000. The machine has an expected life of 10 years and no salvage value. The company anticipates a yearly after-tax net income of $30,000 to be received uniformly throughout each of the ten years. Calculate the accounting rate of return?

Reference no: EM132193239

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Calculate the accounting rate of return : Barnes Company purchases a machine for $500,000. The company anticipates a yearly after-tax net income of $30,000. Calculate the accounting rate of return
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