The average (accounting) rate of return for a proposed average investment cost of $4,800,000 in...
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Accounting
The average (accounting) rate of return for a proposed average investment cost of $4,800,000 in a fixed asset, , with a useful life of 20 years, no residual value, and an expected average annual net income of $1,056,000 over the 20 years is
A. 24%
B. 22%
C. 45%
D. 10%
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