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A company is evaluating an investment. The company uses the straight-line method of depreciation. Use the following information to compute the accounting rate of return.  Show your calculations and round to one decimal place.
   Project
Investment   $875,000
Residual value            0
Operating income:   
Year 1   120,000
Year 2   120,000
Year 3   120,000
Year 4   120,000
Year 5   120,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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#2
7 years ago
This was certainly a tough question, loving the expertise
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