Assume That Assets Are Held for Use and Not Offered

question 23

Multiple Choice

Assume that assets are held for use and not offered for sale and that PV = present value,MV = net market value and RC = current replacement cost.If PV > MV > RC,the deprival value of the asset is:

• A) current replacement cost
• B) present value
• C) net market value
• D) cannot be determined

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Definitions:

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools.

Unemployment Rate

The proportion of the working sector that lacks employment but is in the hunt for jobs.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.

Production Possibility Frontier

A curve demonstrating the maximum potential output levels of two goods or services an economy can achieve when all resources are efficiently utilized.