A Project Has an Annual Rate of Return of 15

question 123

Multiple Choice

A project has an annual rate of return of 15%. The project cost $120,000, has a 5-year useful life, and no salvage value. Straight-line depreciation is used. The annual net income, exclusive of depreciation, was

• A) $42,000.
• B) $33,000.
• C) $47,700.
• D) $18,000.

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Definitions:

Long-term Memory

A type of memory responsible for the storage of information over extended periods, anything from hours to a lifetime.

Sensory

Relating to sensation or the physical senses; transmitted or perceived by the senses.

Phonological

Pertaining to the system of sounds in a language and the rules for their combination and use.

Semantic Networks

A model for understanding human memory in which concepts are linked together based on their meanings and relationships.