The book value of a particular piece of equipment, as shown on the balance sheet, is generally irrelevant in an analysis concerning the replacement of that equipment by a new piece of equipment. TRUE or FALSE

Future costs that do not differ between the alternatives in a decision are unavoidable costs. TRUE or FALSE

The internal rate of return for a project is the discount rate that makes the net present value of the project greater than zero. TRUE or FALSE

Points of control for capital expenditures can exercised by project or time period. TRUE or FALSE