To begin new operations in Chicago, the Serna Corporation bought a new building costing ($ 500,000). The

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To begin new operations in Chicago, the Serna Corporation bought a new building costing \(\$ 500,000\). The corporation expects the new facility to generate \(\$ 25,000\) in income annually. Calculate the accounting rate of return. 

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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