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A5 A3 7 - 8 7. Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as

A5 A3 7 - 8

7. Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as well. True and False

8. An existing asset should not be replaced until its original cost has been fully recovered. True and False

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