Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 13 - Pricing Decisions and Cost Management - Assignment Material - Questions - Page 540: 13-13

Answer

Life-cycle budgeting is an approach that considers the total costs of owning and operating an asset over its entire life cycle, from acquisition to disposal.

Work Step by Step

Life-cycle budgeting is an approach that considers the total costs of owning and operating an asset over its entire life cycle, from acquisition to disposal.
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