When Choosing Whether or Not to Replace Usable Fixed Assets,management

question 12

True/False

When choosing whether or not to replace usable fixed assets,management should consider the future costs,but not the prior costs,of continuing to use the asset versus the costs and benefits of replacement.

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Definitions:

Breach

The violation or infringement of a law, obligation, standard, or agreement.

Accreditation

The process by which an institution or program meets specified standards of quality and is officially recognized.

Earning Capacity

An individual's potential or ability to generate income from employment or other means, often considered in legal contexts relating to compensation for loss or injury.

Breach

The violation or non-fulfillment of a legal obligation, agreement, or duty.