Question: Chapter 7 Question 1 Please explain the opportunity cost approach and cash flow approach? Please reference the differences between them. Chapter 7 Question 2 What

Chapter 7 Question 1

Please explain the opportunity cost approach and cash flow approach? Please reference the differences between them.

Chapter 7 Question 2

What is Capital Recovery? What is Salvage? What caution should you use when evaluating salvage value in your decisions?

Chapter 7 Question 3

Please give examples and distinguish between functional obsolescence, technical obsolescence and economic obsolescence.

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