A(n) _____ Budget Shows Costs of Major Assets Such as a New

question 71

Short Answer

A(n) _____ budget shows costs of major assets such as a new plant, machinery, or land.

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Definitions:

Cost Model

A method of accounting where assets are carried at their cost minus any accumulated depreciation and impairment losses.

Realized Gains

Profits earned from the sale of an asset, which exceed the asset's purchase price, recognized in the company's financial statements.

Fair Value

Fair value is the estimated price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.