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
Posted: Tue Nov 16, 2021 7:36 am
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.
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.