Question
Lara Technologies is considering a cash outlay of $206,000 for the purchase of land, which it could lease out for $37,420 per year. If alternative
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Lara Technologies is considering a cash outlay of $206,000 for the purchase of land, which it could lease out for $37,420 per year. If alternative investments that yield a 17% return are available, the opportunity cost of the purchase of the land is
a.$35,020
b.$2,400
c.$72,440
d.$37,420
Lara Technologies is considering a cash outlay of $206,000 for the purchase of land, which it could lease out for $37,420 per year. If alternative investments that yield a 17% return are available, the opportunity cost of the purchase of the land is
a.$35,020
b.$2,400
c.$72,440
d.$37,420
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Intermediate Accounting Volume 2
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
2nd Edition
9781618533135
