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Flint systems is considering investing in production management software that cost $640,000, has $67,000 residual value, and leads to cost savings of 1,850,000 per year over its 5 year life. Calculate the average amount invested in the asset that should be used for calculating the accounting rate of return

Respuesta :

Identify the slope, m. This can be done by calculating the slope between two known points of the line using the slope formula.

Find the y-intercept. This can be done by substituting the slope and the coordinates of a point (x, y) on the line in the slope-intercept formula and then solve for b.

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