Examlex
Which of the following is TRUE?
Total Income
The sum of all revenues and gains that a person or business receives over a period of time, before any expenses are subtracted.
Average Rate of Return
A metric that determines the earnings from an investment by dividing the mean yearly profit by the cost of the initial investment.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
Average Rate of Return
A metric used to assess the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.
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