Calculate the accounting rate of return for the project


Seattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000. The project has a six-year useful life and a residual value of $30,000. Assume Seattle Inc. uses straight line method of depreciation.The accounting rate of return for the project is?

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Accounting Basics: Calculate the accounting rate of return for the project
Reference No:- TGS0558697

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