If one of the assets to be used by a potential New Project is already owned by
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Question:
If one of the assets to be used by a potential New Project is already owned by the firm, and if that asset could be sold or leased to another firm if the New Project is not undertaken, then the after-tax proceeds from the sale or lease of the asset should be charged as a cost to the New Project that is being evaluated for consideration.
True
False
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