A company is considering replacing one of its old assets with a new one. The original purchase price of the old asset represents – Group of answer choices Relevant cost Differential cost Sunk cost Opportunity cost
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- The term opportunity cost applies to a resource that a company ________. A) is thinking about purchasing B) already owns only C) has committed to purchase only D) already owns or has committed to purchaseSolve this cost accounting questionWhich of the following would be considered a sunk cost? a. purchase price of new equipment b. warehouse lease expense c. equipment rental for the production area d. net book value of equipment that has no market value
- When all information on an asset has been incorporated into the asset's price, we say that the information has been ________. Multiple Choice Priced out. Indicated. Sorted out. Costed out. Uncovered.The total cost of an asset less its accumulated depreciation is called: Multiple Choice Historical cost. Book value. Present value. Current (market) value. Replacement cost.Don't Use Ai
- In a replacement analysis, the market value of the currently owned asset a. does not impact the cash flows of the replacement asset(s) in the opportunity cost approach b. does not impact the cash flows of the current asset in the cash flow approach if the current asset is kept c. is treated as a salvage value for the current asset in the cash flow approach if the current asset is kept d. is added to the first cost of the replacement asset(s) in the opportunity cost approach.In making a short-term special decision, which of the following is MOST important? a. Use a conventional absorption costing method b. Focus on the total cost c. Separate variable and fixed costs d. Discount cash flow to their present valuesHarrison Company determines that an opportunity cost of an alternate course of action is relevant to a make-or-buy decision. Which statement is true of the opportunity cost? should be ignored if it does not involve a cash outlay should be added to the "buy" costs should be subtracted from the "make" costs should be added to the "make" costs
- If a firm has already paid an expense or is obligated to pay one in the future, regardless of whether a particular project is undertaken, that expense is a(n) Multiple Choice. committed cost complementary cost. obligated cost sunk costA cost that has previously been incurred and can not be recovered by choosing one alternative over another is a(n): allocated cost fixed cost opportunity cost sunk cost avoidable costHelp