True and False questions The market value of equipment owned by a company is a...
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Accounting
True and False questions
The market value of equipment owned by a company is a sunk cost and should not be taken into account in deciding whether or not to replace the equipment. (T/F)
Outsourcing reduces the extent of a company's vertical integration. (T/F)
Equipment should be evaluated for possible replacement only as it nears the end of its useful life. (T/F)
A company that provides services (not goods) to its customers may incur costs that are appropriately classified as product level cost. (T/F)
Also here's one extra question
Which of the following costs is an example of a product level cost
A. machine set up costs
B. Patent filing costs
C. Materials and labor costs
D. Shipping and handling costs
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