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seraphel seraphel
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A year ago
Morrow Company is considering a purchase of equipment that costs $70,000. The equipment has a 7-year life and no salvage value. Morrow uses straight-line depreciation. The equipment has a payback period of 4 years. The accounting rate of return is closest to

▸ 3.5%.

▸ 39%.

▸ 25%.

▸ 10.7%.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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Dark_ShadowDark_Shadow
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A year ago
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seraphel Author
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A year ago
Good timing, thanks!
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This site is awesome
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