Imputed costs are costs recognised in particular situations that are not usually incorporated in financial accounting records.

Question

Quizplus · Accepted Answer

Imputed costs are costs that are not recorded in financial accounting but are recognised in certain situations, such as when assessing the true cost of a decision or project. Examples of imputed costs include opportunity cost, depreciation, and the cost of using capital or resources that are already owned.

Imputed Costs Are Costs Recognised in Particular Situations That Are