Question: In most situations, damage estimates for lost future wages and benefi ts are discounted to their present value using an appropriate discount rate. The reason

In most situations, damage estimates for lost future wages and benefi ts are discounted to their present value using an appropriate discount rate. The reason for this is because: A. the court does not want damage estimates to get too large. B. Money received in the future is not worth as much as money available now, because currently available funds can be used or invested immediately. C. it is required by law, but often it results in unrealistic amounts for damages. D. all of the answers above are correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!