life cycle costing can be used to justify the acquisition of expensive equipment on the basis of lower operating costs over the life of the asset.

Respuesta :

The stated statement is True in light of the query. With lower operating expenses over the asset's lifespan, the life cycle cost can be used to support the purchase of pricey equipment.

Which asset do you mean?

A resource having economic worth that a person, business, or nation possesses or controls the with hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are classified as ongoing, fixed, pecuniary, and intellectual.

What are the three different categories of assets?

Current, non-current, tangible, intellectual, operating, and non-operating assets are examples of common asset kinds.

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