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Russnak Corporation is investigating automating a process by purchasing a new machine for $501,000 ...

endah87

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Russnak Corporation is investigating automating a process by purchasing a new machine for $501,000 ...

Russnak Corporation is investigating automating a process by purchasing a new machine for $501,000 that would have a 6 year useful life and no salvage value. By automating the process, the company would save $125,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $31,000. The annual depreciation on the new machine would be $83,500. (Ignore income taxes.)

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Determine the simple rate of return on the investment. (Round your answer to 1 decimal place.)

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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endah87 Author

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Smart ... Thanks!

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This helped my grade so much Perfect

Brownr40

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Thanks for your help!!

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