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DiscountingPresent Value Formula:
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Read morePresent value and future valuecalculations use one of two basic types of cash flows:
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Read moreJoint costs
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Read moreincremental costs:
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Read moreTwo broad categories of costs are never relevant in any decision:
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Read moreirrelevant costs
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Read morerelevant benefit,”a benefit that differs between alternatives
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Read morerelevant cost,”cost that differs between alternatives, AVOIDABLE, taking a train or a car
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Read moreA general rule in relevant cost analysis is:
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