Brandon Inc

question 23

Multiple Choice

Brandon Inc. ,has provided the following data for last year's operations: Brandon's return on investment (ROI) is:

• A)6%
• B)10%
• C)15%
• D)24%

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Definitions:

Trade-In Allowance

The discount or credit granted for the return of an old item when purchasing a new one.

Depreciation

The allocation of the cost of a tangible asset over its useful life, representing the decrease in value due to wear and tear, age, or obsolescence.

Trade-In Allowance

Trade-In Allowance is the credit a dealer offers to the consumer towards the purchase of a new item by trading in an older model or item.

Depreciation

A technique for distributing the expense of a physical asset throughout its lifespan.