​You Are at a Restaurant Deciding If You Would Like

question 10

Multiple Choice

​You are at a restaurant deciding if you would like some dessert after the meal.The dinner is over so you do not want anything else but the dessert.The opportunity cost of getting the dessert would include

• A)​Nothing,because you are already there
• B)Another round of appetizers possibly
• C)Anything else you could buy
• D)​None of the above

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to evaluate its financial health.

Salvage Value

The approximated value of an asset at the close of its functional life.

Useful Life

The estimated duration of time that an asset is expected to be operational and economically viable.

Units-Of-Activity

A depreciation method where the expense is based on the actual usage or activity of the asset rather than the passage of time.