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Solnce55 [7]
3 years ago
6

Wombles corporation is contemplating purchasing equipment that would increase sales revenues by $478,000 per year and cash opera

ting expenses by $249,000 per year. the equipment would cost $738,000 and have a 9 year life with no salvage value. the annual depreciation would be $82,000. the simple rate of return on the investment is closest to:
Business
1 answer:
Katarina [22]3 years ago
4 0
The simple rate of return on the investment is closest

19.9%
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In determining the fair value of an asset or liability, would the fair value of the asset or the fair value of the liability be
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In determining the fair value of the asset or liability the exit price should be used. A fair price means the price that the asset or liability would get when sold in the market. So, the pair price will be determined by calculating the market price of such goods or liabilities or at what rate these goods or liabilities will be sold in the market.

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1 year ago
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3 years ago
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