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why is the scrap value added back to the intial investment for calculating average investment

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why is the scrap value added back to the intial investment for calculating average investment
Answered Same Day Dec 29, 2021

Solution

Robert answered on Dec 29 2021
129 Votes
Accounting Rate of return is the percentage of the average accounting profit earned by the
company from an investment with respect to average accounting value of the investment over the
period.
Accounting rate of return =
Average net income
Average investment

Average investment =...
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