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Home Q & A Board Other Fields Homework Help Business Accounting
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Ashurbanipal Ashurbanipal
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A year ago

Slomkowski Corporation is contemplating purchasing equipment that would increase sales revenues by $298,000 per year and cash operating expenses by $143,000 per year. The equipment would cost $712,000 and have an 8 year life with no salvage value. The annual depreciation would be $89,000. The simple rate of return on the investment is closest to (Ignore income taxes.):



▸ 9.3%

▸ 21.8%

▸ 22.1%

▸ 12.5%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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oldgreyvlegsoldgreyvlegs
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A year ago
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Ashurbanipal Author
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A year ago
Thanks
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Thank you, thank you, thank you!
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