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Jark Corporation has invested in a machine that cost $60,000, that has a useful life of six years, ...

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Jark Corporation has invested in a machine that cost $60,000, that has a useful life of six years, ...

Jark Corporation has invested in a machine that cost $60,000, that has a useful life of six years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. Given these data, the simple rate of return on the machine is closest to (Ignore income taxes.):

▸ 8.3%

▸ 7.2%

▸ 9.5%

▸ 25%

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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