The Best Estimate of the Total Cost at the Completion

question 56

Multiple Choice

The best estimate of the total cost at the completion of the project best defines

• A)schedule performance index.
• B)cost performance index.
• C)estimate at completion.
• D)variance at completion.

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Definitions:

Salvage Value

The projected value at which an asset can be sold after its usage period has ended.

Net Investment

The total amount of money spent on acquiring or maintaining fixed assets after accounting for depreciation.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation applied in the U.S. to determine the tax-deductible value of assets over time.

Marginal Tax Rate

The tax rate that applies to the last unit of currency of the taxpayer's income, influencing additional income's tax impact.