Depreciation Cost Is Past,or Sunk Because It Represents the Cost

question 64

True/False

Depreciation cost is past,or sunk because it represents the cost of equipment that a company has already purchased.

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Milton Friedman

An American economist known for his strong belief in free-market capitalism and for being a leading proponent of the efficiency of markets and the reduction of government intervention.

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The responsibility or duty of an individual or organization to act in the best interests of society at large, often beyond legal requirements.

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