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The primary purpose of managerial accounting is to provide information useful for management decisions. Many of the managerial accounting techniques that you learn will be

The primary purpose of managerial accounting is to provide information useful for management decisions. Many of the managerial accounting techniques that you learn will be useful for decisions you make in your everyday life.

Provide an example of a personal (everyday life) situation that would benefit from use of capital budgeting technique.

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