Multiple Choice
An asset of $270,000 is expected to generate $180,000 in operating income annually for three years.Assume straight-line depreciation is used.The asset has no expected residual value.Ignore income taxes.The accounting rate of return based on the initial investment is ________.
A) 11.11%
B) 33.33%
C) 44.44%
D) 50.00%
Correct Answer:
Verified
Correct Answer:
Verified
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