APSC 221 Multiple Choice Question and answers verified to pass 2024/2025
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Course
APSC 221
Institution
APSC 221
APSC 221 Multiple Choice Question and answers verified to pass 2024/2025 APSC 221 Multiple Choice (Midterm 2)
capital purchases cannot - correct answer be fully claimed as an expense in the year in which the purchase occured
savings - correct answer increase the profits of a firm and the...
APSC 221 Multiple Choice (Midterm 2)
capital purchases cannot - correct answer ✔be fully claimed as an expense
in the year in which the purchase occured
savings - correct answer ✔increase the profits of a firm and therefore they
are taxed
progressive tax rate - correct answer ✔personal income taxes usually exhibit
a _________
effective cost of purchasing an asset - correct answer ✔less than its first cost
d - correct answer ✔CCA rate
CTF - correct answer ✔must multiply the first cost by this to determine the
after-tax first cost of an asset (for a complete PW, AW, or FW calculation)
capital costs - correct answer ✔do not always dominate total yearly costs
sunk costs - correct answer ✔are irrelevant to any decision to replace a
current asset
economic life of an asset - correct answer ✔is found at the point where the
rate of increase in operating and maintenance costs per period EQUALS the
rate of of decrease in capital costs per period
capital cost per year usually - correct answer ✔falls with increasing life
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