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A Cost Object Is Anything for Which a Measurement of Costs

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A cost object is anything for which a measurement of costs is desired.

Ability to analyze cash flow streams to make informed investment decisions.
Understand the concept of updating production technology and its potential impact on a company's cash flows.
Knowledge of evaluating investment decisions based on present value and discount rates.
Ability to calculate the net present value (NPV) of an investment.

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