Replacement Cost Is Best Described as

Page also describes the term of the policy and the limits of coverage and displays the premium and the insurers name. Determining the final value by selecting one value from those given.

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Definition of Standard Cost.

. Future costs that differ between competing decision alternatives. Extending existing distribution channels to reach new customers. A replacement cost is an amount that it would cost to replace an asset of a company at the same or equal value.

Accounting questions and answers. Reconciliation is best described as. A Your home is covered for 80 percent of its original value regardless of replacement cost.

A The cost of an alternative course of action. A major problem that requires formal escalation. PLZ HELP Which statement best describes land reclamation.

Market Floor Replacement Cost Market Ceiling therefore Market Replacement cost. View Test Prep - ACCT5315 quiz 9docx from ACCOUNTING ACC 2123 at Maps. Allocating the costs of assets over their useful lives.

An opportunity that occurs through change control. 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. 29The concept of economies of scope is best described as.

MNL Company has an opportunity to acquire a new machine to replace one of its present machines. Accumulating funds for the replacement of assets b. Incurable functional obsolescence c.

Reducing the carrying cost of assets to current market values C. B Your home is covered for replacement cost provided the total premiums paid are less than 80 percent of the outstanding premiums due. A synonym for economics of scale.

The declarations page is a part of the. The original cost can include everything that goes into the cost including shipping and delivery fees setup and training. Comparing comparable properties and identifying their amenities.

A The cost of an alternative course of action. C The cost involved in seeking new opportunities. The historical cost principle also called the cost principle states that virtually all business assets must be recorded as the value on the date the asset was bought or assumed ownership.

Relevant costs are best described as Select one. Selecting the highest value given by the three approaches to value. The replacement of variable costs with fixed costs.

This applies unless the limit of insurance or the cost actually spent to repair or replace the damaged property is less. 17 Which of the following describes a sunk cost. At the end of Q1 the company reports a replacement cost 107000 Row 1 as the Market value for LCM comparison Row 8.

C A historical cost that is always irrelevant. The use of brand extensions. What Does Replacement Cost Mean.

Deriving tax benefits d. Relevant costs are best described as Select one. Using existing channels of distribution to introduce a new product.

Allocating the costs of assets over their useful lives. The cost to paint re-floor replace the broken windows repair the fixtures and patch the roof is approximately 15000. The present machine has a book value of P50000 and a remaining life of 5 years.

A One that is relevant to a decision because it changes depending on the alternative course of action selected. There is a direct reduction in the selling price. An uncertain event that may or may not occur.

Future costs that differ between competing decision alternatives. The is selling of previously mined land to private owners the identification of land that contains large amounts of a natural resource the recovery of land that has been degraded by mining operations the claiming of land by a mining company for mining operations A mining companys land reclamation plan is. Solar Array Cost for System B 3423 10M 148M Complexity or adjustment factors can also be applied to an analogy estimate to make allowances for year.

Analyzing the results obtained from the three approaches to value. Depreciation can best be described as a method of a. The cost to replace an insured item of property at the time of loss less the value of its physical depreciation.

The term replacement cost is defined or explained in the policy. Total of the inventory Answer a. Variable operating costs would be P100000 per year.

Solved Relevant costs are best described as Select one. D The cost incurred in training new staff. B The cost of losing an order to a competitor.

A standard cost is described as a predetermined cost an estimated future cost an expected cost a budgeted unit cost a forecast cost or as the should be costStandard costs are often an integral part of a manufacturers annual profit plan and operating budgets. Relevant costs 15 Which of the following statements is true when making a decision between two alternatives. This value applies because Replacement cost is between the Market ceiling 117900 Row 6 and the Market floor 105700 Row 7.

Which of the following statements best describes the 80 percent rule. B An outlay expected to be incurred in the future. C Replacement cost coverage is only.

Which one of the following best describes a project issue. Assuming a linear relationship between power and cost and assuming also that power is a cost driver of solar array cost the single-point analogy calculation can be performed as follows. A house in a middle-income neighborhood is under-valued by 20000 due to extreme deferred maintenance.

The replacement cost of improvements is the cost to replace an improvement with another improvement having the same utility. Reporting inventory at the lower of cost and net realizable value is a departure from a. 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.

A problem that the project manager has to deal with on a day-to-day basis. What is a standard cost. An opportunity cost may best be described as which of the following.

When the cost of goods sold method is used to record inventory at net realizable value 6. Scheduling can best be defined as the process used. An NFIP claims office similar.

Curable physical deterioration b. The new machine would cost P90000 have a 5-year life and no estimated salvage value. Relevant costs are best described as.

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