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What is the return on investment

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Reference no: EM131025216

The following information was presented by Delta Manufacturing Company for an asset purchased the previous year.

  Original cost of the asset

$

35,000

  

  Useful life of the asset

  

10

Years

  Annual operating profit, including depreciation

$

8,200

  

  Salvage value

$

-0-

  

What is the return on investment (ROI) assuming Delta (a) uses the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI? (Round your final answer to 2 decimal places.)

Reference no: EM131025216

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