Question
Brenning Company invested $3,000,000 in a new computer system. The following is the net income stream: Year Net income stream 1 $475,000 2 $375,000 3
Brenning Company invested $3,000,000 in a new computer system. The following is the net income stream:
| Year | Net income stream | |
| 1 | $475,000 | |
| 2 | $375,000 | |
| 3 | $650,000 | |
| 4 | $900,000 | |
| 5 | $920,000 | |
| 6 | $800,000 | |
Required: Calculate the accounting rate of return.
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
11th Edition
0134667387, 9780134667386
