Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Bluffinmuffin Bluffinmuffin
wrote...
Go to Answer
Posts: 138
Rep: 0 0
A year ago

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

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
tpriest1tpriest1
wrote...
#1
Posts: 163
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Bluffinmuffin Author
wrote...

A year ago
this is exactly what I needed
lipop
wrote...

Yesterday
This site is awesome
cartoon
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  506 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 434
  
 436
  
 452
Your Opinion
Who's your favorite biologist?
Votes: 608
Previous poll results: Does a gender wage gap exist in America?