A Project Has an Initial Cost of $16,780 and a 3-Year

question 40

Multiple Choice

A project has an initial cost of $16,780 and a 3-year life.The company uses straight-line depreciation to a book value of zero over the life of the project.The projected net income from the project is $3,320,$3,080,and $1,700 for Years 1 to 3,respectively.What is the average accounting return?

• A)28.56%
• B)34.13%
• C)14.28%
• D)27.11%
• E)32.18%

---

Definitions:

Data Types

Refers to the different kinds of values that can be stored and manipulated in a programming language, such as integers, booleans, and strings.

Single Array

A linear data structure consisting of a collection of elements (values or variables), each identified by a single index.

Instantiated

The process of creating a specific instance of a class in programming.

Default Values

The initial values assigned to variables or parameters if no specific values are provided.