i. Question I A). Ashesi University has decided to the buy a new multi-purpose photocopy machine for the next academic year. Using your knowledge on cost classifications, provide answers to the scenarios below. State and explain the type of cost under each scenario [12 marks] Ashesi has an old photocopy machine which is faulty and is therefore contemplating whether to sell it or not. The faulty machine has a book value of GHS 15000. In its decision to sell this machine, the value of GHS 15000 is a.......................cost ii. Ashesi can also decide to rent a photocopy machine for the academic year from Kingdom Books and Stationery. The cost of rental is GHS 2500 for the academic year. In relation to cost behaviour, the rental cost of GHS 2500 is a. cost. iii. If Ashesi decides to operate the photocopy machine, there are two courses of action available to Ashesi. The first is to pay Kingdom Books a base rate of GH 500 in addition to GHS 0.5 per a sheet of paper photocopied. In this case, the total cost of Kingdom Books and Stationery is a ....... iv. The other alternative is for Ashesi to pay Kingdom Books a flat amount of GHS 900. Ashesi will then request for one photocopy machine when school resumes, two machines for mid semester exams for more copies and three machines during examination periods since more exams' papers will be printed. In this case, the total cost of Kingdom Books and Stationery could be described as........ V. Ashesi can sell the photocopy machine stated in (i) above for GHS 4000. If Ashesi decides not to sell the machine but to retain and use it, the GHS 4000 is a. 1