Replacement Cost Is Best Described as

Solved Relevant costs are best described as Select one. An opportunity cost is best described by which of the following.

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Relevant costs are best described as Select one.

. Relevant costs are best described as Select one. A One that is relevant to a decision because it changes depending on the alternative course of action selected. The cost to replace or repair property minus depreciation b.

This applies unless the limit of insurance or the cost actually spent to repair or replace the damaged property is less. All of the following are relevant to the decision to replace equipment except the. A synonym for economies of scope.

Method of determining cost of goods sold. What Does Replacement Cost Mean. The current disposal value of the old machine.

Accounting questions and answers. An opportunity cost is best described as. The use of brand extensions.

The possible opportunities lost when making an economic decision D. 29The concept of economies of scope is best described as. The concept of economies of scale is best described as a.

Which of the following best describes the situation when he property has neither contents nor occupants. B Functional replacement cost c Valued policy d Actual cash value. A unoccupancy b Vacancy c abandonment d Ordinance of law.

A synonym for economics of scale. Cost approach is the process of estimating the value of a property by adding to the estimated land value the appraisers estimate of the replacement cost of the building less depreciation. Which of the information provided in the table is irrelevant to the replacement decision.

17 Which of the following describes a sunk cost. B An outlay expected to be incurred in the future. The agreed upon specific value determined before the policy was issued.

The idea that people have unlimited wants and limited resources C. Future costs that differ between competing decision alternatives. Future costs that differ between competing decision alternatives.

The maximum amount a consumer will pay for using a product. Relevant costs are best described as. Selling a wider range of products.

Relevant costs 15 Which of the following statements is true when making a decision between two alternatives. The replacement cost of improvements is the cost to replace an improvement with another improvement having the same utility. The original purchase price of property minus depreciation c.

The replacement of variable costs with fixed costs. The cost to replace or repair the property d. Simply stated it means the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose.

The replacement of fixed costs with variable costs. Terms in this set 9 Lower-of-cost and net realizable value as it applies to inventory is best described as the. C A historical cost that is always irrelevant.

The replacement of variable costs with fixed costs. Change in inventory value to market value. Drop of future utility below its original cost.

The increased costs associated with producing additional items B. B Functional replacement cost. Using existing channels of distribution to introduce a new product.

The term replacement cost is defined or explained in the policy. View Test Prep - ACCT5315 quiz 9docx from ACCOUNTING ACC 2123 at Maps. Extending existing distribution channels to reach new customers.

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