Current Disposal Value of an Old Machine Is

question 9

Multiple Choice

Current disposal value of an old machine is:

• A)past cost.
• B)relevant.
• C)irrelevant.
• D)sunk cost.
• E)batch cost.

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Definitions:

Statutory Assignment

An assignment of rights that an assignee may enforce if certain conditions are met by the assignment.

Equitable Assignment

An assignment that could be enforced if all parties could be brought before the court.

Constructive Trust

An equitable remedy that imposes a trust-like obligation on someone who has wrongfully obtained or holds legal property rights.

Full Release

A legal agreement in which one party permanently relinquishes all claims against another.