VI (Value of Information)= C (Cost to Produce)+ ___________

question 17

Multiple Choice

VI (value of information) = C (cost to produce) + ___________.

• A)MU (markup)
• B)GM (gross margin)
• C)VG (value gained)
• D)VL (value lost)

---

Definitions:

Salvage Value

An asset's remaining worth estimated at the conclusion of its life of use.

Book Value

Book value is the net value of a company's assets found on its balance sheet, and it is calculated by subtracting liabilities from the total value of assets.

Double-declining-balance

An accelerated method of depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly.

Salvage Value

The forecasted price an asset will fetch at the time of sale once its period of usefulness is over.