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Find the accounting rate of return on this equipment

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Reference no: EM132958856

Question - Cullumber is considering the purchase of equipment costing $156000. The equipment has a 12- year useful life, has an estimated salvage value of zero, and is expected to generate $32000 in annual cash flows. The company has a 10% required rate of return and uses the straight-line depreciation method. Find the accounting rate of return on this equipment?

Reference no: EM132958856

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