Examlex
When Lexie purchased a new laptop, it came with a 30-day trial copy of Microsoft Office.After paying for the full version, what else must Lexie do to continue using the software?
Incremental Cash Flows
Additional cash flows from a new project or investment, considered when evaluating the financial viability of that project.
Stand-alone Principle
An approach to evaluating investment decisions without considering any potential impacts from external projects or operations.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not affect future investment decisions.
Depreciation Cost
The allocated portion of an asset's initial cost over its useful life, recognized as an expense on financial statements.
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