Question: A net book value produces a misleading increase in return on investment because __________. a. investment centres with old assets will show a higher return

A net book value produces a misleading increase in return on investment because __________.

a.

investment centres with old assets will show a higher return on investment than investment centres with new assets

b.

investment centres with old assets will show a lower return on investment than investment centres with new assets

c.

investment centres with old assets will show an equal return on investment as investment centres with new assets

d.

book value reflects changing market values

e.

None of the answers.

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