The Expected Cash Value of an Asset at the End

question 4

Multiple Choice

The expected cash value of an asset at the end of its useful life is known as ________.

• A)book value
• B)residual value
• C)carrying value
• D)market value

---

Definitions:

Standards of Living

A measure of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Opportunity Costs

Eliminating possible positive outcomes from alternative selections by choosing one.

Worse Off

A situation or condition in which an individual or group is disadvantaged or in a less favorable position than before.

Opportunity Cost

The value of the next best alternative that one gives up when making a decision.