Amortizable Cost Equals Cost Minus

question 83

Multiple Choice

Amortizable cost equals cost minus:

• A)residual value.
• B)book value.
• C)accumulated amortization.
• D)current year's amortization expense.

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Individual Profits

The net gain in monetary terms realized by an individual or a single business entity from its investment or business operations.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if the strategies of the other players remain unchanged.