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insherro insherro
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8 years ago
Which of the following statements regarding historical costs is correct?
A) Historical costs represent what the firm paid for an input when it was purchased, adjusted for inflation.
B) Historical costs vary depending on the method of depreciation a firm uses.
C) Historical costs are a good indicator of the current opportunity cost of a piece of capital.
D) Using historical costs can cause true economic profit to be under or over stated.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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insherro Author
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8 years ago
Smart ... Thanks!
kriggs62
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This site is awesome
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Brilliant ツ
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