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A machine costs $600,000 and is expected to yield an after-tax net income of $23,000 each year. Management predicts this machine has a 9-year service life and a $120,000 salvage value, and it uses straight-line depreciation. Compute this machine's accounting rate of return.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945230

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