Question
Cottage, Inc. is using the annual rate of return to evaluate a potential investment. The original investment required is $144,000, and the investments salvage value
Cottage, Inc. is using the annual rate of return to evaluate a potential investment. The original investment required is $144,000, and the investments salvage value is $24,000. What is the average investment that Cottage will use when computing the annual rate of return?
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A :Cannot be determined unless the useful life of the project is known.
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B :$72,000
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C :$84,000
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D :$60,000
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A Guide To Risk Based Internal Audit System In Banks
Authors: CA Shiva Chaudhari
1st Edition
1947498649, 978-1947498648
