问题
单项选择题
Winthur Publishing Company invests $ 800000 in a printing press that will be depreciated on a straight-line basis over four years and will have a zero salvage value at the end of its life. Sales revenues, operating expenses, and net income for each year are shown in the table below.（）
A.$18.75
B.$15.75
C.$12.75
答案
参考答案：B
解析：
For the 4 - year period, the average net income is: ($ 42000+$ 98000+$ 56000+$ 56000)/4=$ 63000. The initial book value is $ 800000, declining by $ 200000 per year until the final book value is $0. The average book value for this asset is: ($800000+$0)/2=$400000. The average accounting rate of return is: AAR=average net income/average book value=$ 63000/$400000=0.1575=15.75%.