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qwelly [4]
3 years ago
14

Oreva, a multinational corporation, pays $100,000 per year to an information technology firm to archive and secure all of its da

ta into the information technology firm's cloud platform. In this scenario, the cost incurred by Oreva is an example of _____
A) storage cost
B) processing cost
C) acquisition cost
D) retrieval cost
Business
1 answer:
Arlecino [84]3 years ago
4 0

Answer:

A) storage cost

Explanation:

Storage cost -

It is the amount spend on the maintenance of the storage or holding of the inventory .

From the question ,

The multinational company , Oreva , pays $100,00 per year to the It firm , i.e. , the information technology firm , so as to maintain and secure all of its data and storage .

hence , from the question ,

The correct term according to the information of the question is  A) storage cost .

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in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

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