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Bodner Corporation purchased an asset costing $475,000. The asset has a 4 year life, no salvage value, and is depreciated on a straight line method.

Bodner Corporation purchased an asset costing $475,000. The asset has a 4 year life, no salvage value, and is depreciated on a straight line method. During the past four years, Bodner posted net income of $30,000, $25,000, $20,000 and $15,000. Given the following information, calculate the company's average accounting return over the past four years.

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