Asked by
Raquel Tovar
on Oct 14, 2024Verified
The cost of equipment purchased by a company last year would be an avoidable cost.
Avoidable Cost
Costs that can be eliminated if a certain decision is made, not incurred if a particular activity is avoided.
- Distinguish between necessary and unnecessary expenses.
Verified Answer
JC
Learning Objectives
- Distinguish between necessary and unnecessary expenses.