The cost of new equipment is relevant in deciding whether to keep or replace old equipment.

Question

Quizplus · Accepted Answer

The cost of new equipment is an important factor to consider when deciding whether to keep or replace old equipment. If the cost of new equipment is significantly lower than the cost of maintaining and repairing old equipment, it may be more cost-effective to replace the old equipment rather than continuing to use it. However, if the cost of new equipment is too high, it may be more economical to continue using the old equipment and invest in maintenance and repairs. Therefore, the cost of new equipment is relevant in deciding whether to keep or replace old equipment.

The Cost of New Equipment Is Relevant in Deciding Whether