Match the following terms with their definitions. Direct cost…

Question Answered step-by-step Match the following terms with their definitions. Direct cost… Match the following terms with their definitions.Direct cost Indirect costs Sunk costsIntangible costsTime value of moneA. The principle that the actual value or purchasing power of a sum changes over time and with changing circumstances, such as inflation.B. Those expenses directly attributed to a service or product.C. Funds expended on an item or contract, even if the purchase or investment did not produce the expected result.D. Value that is difficult to quantify or measure, such as the brand or reputation.E. Those expenses not easily attributed to a specific service or department, such as the cost of absenteeism.2. Which of the following characterize depreciable assets? (Select all that apply.)Must be an asset of the nursing facility.Can be calculated by the straight-lin method or accelerated depreciation method.Increase in value over time.Will not be converted into cash or used up in one year.Must be a tangible asset that experiences wear Health Science Science Nursing Share QuestionEmailCopy link Comments (0)

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