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The amount of the average investment for a proposed investment of $70,000 in a fixed asset,with a useful life of four years,recognition is given to the effect of straight-line depreciation on the investment,no residual value,and an expected total net income of $21,600 for the 4 years,is:
Opportunity Cost
Neglecting the potential profits from various alternatives upon the decision of one.
Coolers
Insulated containers used to keep food and drinks cold.
Radios
Electronic devices that receive and play audio broadcasts over the airwaves.
Trade
The action of buying, selling, or exchanging goods and services between people or countries.
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