Use the Table for the Question(s)below

question 41

Multiple Choice

Use the table for the question(s) below.
Consider the following average annual returns:
-What is the excess return for the S&P 500?

• A)5.7%
• B)7.0%
• C)0%
• D)8.4%

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Cash

Money in the form of currency that is used to conduct transactions.

Accumulated Depreciation

The total amount of depreciation for a fixed asset that has been charged to expense since that asset was acquired and put into use.