Examlex
Which of the following statements is true regarding the IT department's responsibility of planning for information systems (IS) and IT infrastructure?
Salvage Value
The calculated remaining value of an asset after it has served its anticipated lifetime.
Opportunity Costs
Missing out on possible advantages from various alternatives upon deciding on one.
Sunk Cost
A cost that has already been incurred and cannot be recovered or refunded, and thus should not influence future financial decisions.
Book Value
Book value is the net value of a company's assets found on its balance sheet, calculated as total assets minus total liabilities and intangible assets.
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