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drew911811 drew911811
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4 months ago
Jumbo Industries is considering the purchase of equipment costing $80,000. The company has a 15% required minimum rate of return. The equipment is expected to generate $20,000 in additional operating income. What is the equipment's residual income?

▸ $12,000

▸ $15,000

▸ $9,000

▸ $8,000
Textbook 

Managerial Accounting


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sagitario81sagitario81
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4 months ago
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More solutions for this book are available here
$8,000

$20,000 - ($80,000 × 15%) = $8,000
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drew911811 Author
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4 months ago
this is exactly what I needed
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Just got PERFECT on my quiz
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You make an excellent tutor!
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