Question
ASAP please and thank you !! Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is: Year
ASAP please and thank you !!
Information for two alternative projects involving machinery investments follow. The accounting rate of return for Project 1 is:
| Year | Project 1 | Project 2 |
|---|---|---|
| Initial investment | $ (420,000) | $ (360,000) |
| Salvage value | 0 | 38,000 |
| Annual income | 42,000 | 42,000 |
Multiple Choice
10.0%.
22.1%.
23.3%.
20.0%.
11.1%.
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Auditing & Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
8th Edition
978-1260703733, 1260703738
