Question: Which statement most accurately defines life - cycle costing? An accounting method to balance maintenance with operations costs. A measurement of the total cost of

Which statement most accurately defines life-cycle costing?
An accounting method to balance maintenance with operations costs.
A measurement of the total cost of ownership over the life of an asset.
A business concept that helps determine whether to rent or own a facility.
A measurement that compares total cost of operations to cost of replacement.

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