Costs incurred prior to the current project are Sunk Costs .
<h3>What are
Sunk Costs?</h3>
sunk cost are those cost that that is been incurred without any recovery.
It can be used in decision making, which is seen as bygone and are not taken into consideration for continuity, hence, they are incurred prior to the current project .
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Answer:
Part 1
$1,422,940
Part 2
$331,480
Explanation:
cost of the land calculation
Purchase Price $1305000
Cost to tear down building $121000
Sale of Salvages ($8400)
Leagl fees $5340
Total $1,422,940
The cost of the land that should be recorded by Wilson Co. is: $1,422,940
cost of the building calculation
Architect's fees $47000
Insurance $3900
Liability insurance $4200
Excavation cost $15480
city for pavement $9900
Borrowing Costs $251000
Total $331,480
The cost of the building should be recorded by Wilson Co. is $331,480
Answer:
A
Explanation:
To assist users in assessing the adequacy of systems and controls is not one of the objectives
Answer: monitoring operation
Explanation:
Monitoring operations requires management oversight, employee feedback and customer reviews. It can help provide specific directions for employees, which can lead to improved time management and increased productivity.
A bilateral is a formal agreement between two or more governments!