Examlex
Which of the following statements is incorrect?
Stand-alone Principle
An approach to evaluating investment decisions without considering any potential impacts from external projects or operations.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not affect future investment decisions.
Depreciation Cost
The allocated portion of an asset's initial cost over its useful life, recognized as an expense on financial statements.
Net Working Capital
The difference between a company's current assets and its current liabilities, indicating short-term financial health and operational efficiency.
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