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The following are the advantages of the accounting rate of return (ARR) method of investment appraisal EXCEPT FOR: a. It takes into account the time

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The following are the advantages of the accounting rate of return (ARR) method of investment appraisal EXCEPT FOR: a. It takes into account the time value of money by allowing for depreciation in the equation. b. The ratio takes account of the overall profit that is generated by the investment c. There is comparability between the ARR and the ROCE ratio used in financial accounting. d. It is easy to understand

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