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Consider the following statements about the total-cost and the incremental-cost approaches of investment evaluation: I....

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Accounting

Consider the following statements about the total-cost and the incremental-cost approaches of investment evaluation: I. Both approaches will yield the same conclusions. II. Choosing between these approaches is a matter of personal preference. III. The incremental approach focuses on cost differences between alternatives. Which of the above statements is (are) true?

I only.

II only.

III only.

II and III.

I, II, and III.

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