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Posted: June 15th, 2022
Brevard Community College ACCOUNTING 3024 Determine the unadjusted rate of return based on the average cost of the investment
Determine the unadjusted rate of return based on the average cost of the investment. (Spherical your reply to 1 decimal place. (i.e., .234 ought to be entered as 23.four).)Norman Leases should buy a van that prices $144,000; it has an anticipated helpful life of 4 years and no salvage worth. Norman makes use of straight-line depreciation. Anticipated income is $59,544 per yr. Assume that depreciation is the solely expense related to this investment.
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