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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 22
An investment of $2,000 provides an average net income of $400. Depreciation is $40 per year with zero salvage value. The ARR using the original investment is
a. 44%.
b. 22%.
c. 20%.
d. 40%.
e. none of these.
a. 44%.
b. 22%.
c. 20%.
d. 40%.
e. none of these.
Explanation
Verified
Verified
d. 40%
Accounting rate of return measur...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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