An Asset's Cost Plus the Amounts You Paid for Items

question 81

Multiple Choice

An asset's cost plus the amounts you paid for items such as sales tax, freight charges, and installation and testing fees is referred to as the ___________________.

• A) Opportunity cost
• B) Sunk cost
• C) Asset costing reference
• D) Depreciable basis

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Definitions:

Vulnerability

A weakness or gap in security that can be exploited by threats to gain unauthorized access to an asset.

SCADA Attacks

Cyber attacks targeting Supervisory Control and Data Acquisition systems, which are crucial for industrial control systems, potentially disrupting critical infrastructure.

User Access

The permission or rights granted to users to make use of a system, network, or specific resources within them.

Risk Transference Strategy

A tactic used in risk management where the potential impact of a risk is shifted to a third party, often through insurance or outsourcing.