The average annual accounting profit generated by a project x the accounting rate of return of that project = the average capital employed by that project.

Name: The average annual accounting profit generated by a project x the accounting rate of return of that project = the average capital employed by that project.
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The accounting rate of return (ARR) is calculated by dividing the average annual accounting profit by the average capital employed, not by multiplying them.

The Average Annual Accounting Profit Generated by a Project X