A company is planning to build a new plant to replace an older one that is to be demolished. Which flows should be considered?

market value of the land and the older plant;

demolition costs;

costs of building an access road the previous year;

production losses while an old plant is demolished and a new one is being built;

depreciation of the plant;

tax credits on the investment;

a proportion of the salary of the managing director, based on time spent;

constitution of working capital?

AppendixLO1