The Stand Alone Principle of project evaluation asserts... ...that a project must be evaluated based on the cash flows it alone generates or degrades. ..the cash flows generated by the entire corporate activity, not just one segment or project. ...a right of the project manager to make financial decisions without any input from others. ...at a party, the finance person will always be standing alone, like some kind of edge lord. Under the Modified Accelerated Cost Recovery System, the half year convention. O..makes a seven-year schedule a nine year schedule by splitting the years in half is a gathering of finance workers at a convention center, like in Anaheim, CA where a visit to Disneyland is part of the convention itinerary All in all, a good thing ...reduces the depreciation by a half year. assumes the first year of ownership is not a full year