Why is the book value of equipment irrelevant when considering the replacement of equipment?
Book value of the equipment is irrelevant in the decision because it is based on historical (sunk) costs that cannot be changed.
You might also like to view...
Following closing arguments, the judge will read jury instructions to the jury. Which of these would NOT be considered a proper jury instruction?
A. the judge's suggestions on what verdict should be returned B. instructions as to what law to apply when they decide the case C. the statutory definition of the crime charged in a criminal case D. the legal definition of negligence in a civil negligence case
The Cellular Telecommunications & Internet Association (CTIA) reports that in 2015, there were over ______ text messages sent per minute.
A. 6 million B. 10 million C. 4 million D. 1 million
Which one of the following informal research methods may help public relations practitioners detect negative rumors about the organization before they spread too far?
A. Organizing community forums D. Reading field reports B. Analyzing newspaper content E. Observing personal contacts C. Monitoring social media
The term ________ refers to a secured creditor's possession of collateral on a debtor's default and proposal to retain the collateral in satisfaction of the debtor's obligation
A) repossession B) disposal of the goods C) disposition of collateral D) retention of collateral