The sum of all costs of capital assets including acquisition,ownership,operation,and disposal refers to:
A)cost of operation.
B)cost of owning.
C)whole of life cost.
D)replacement cost.

Question

Quizplus · Accepted Answer

The term "whole of life cost" refers to the sum of all costs associated with a capital asset throughout its life cycle, including acquisition, ownership, operation, and disposal. This term is often used to determine the true cost of ownership of a capital asset, as it takes into account all expenses associated with the asset over its entire lifespan. Options A and B do not encompass all the costs while the replacement cost only refers to the cost of replacing an asset.

The Sum of All Costs of Capital Assets Including Acquisition,ownership,operation,and