A project has average net income of AED 55 million a year over its 5-year life. The initial cost of the project is AED 9

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answerhappygod
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A project has average net income of AED 55 million a year over its 5-year life. The initial cost of the project is AED 9

Post by answerhappygod »

A project has average net income of AED 55 million a year over
its 5-year life. The initial cost
of the project is AED 970 million which will be depreciated
using straight-line depreciation to a
book value of zero over the life of the project. Calculate the
average accounting return of this
project.
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