Indicate whether each of the following statements is true or false:
1. A postaudit should be conducted at the time a capital investment is purchased.
2. The postaudit of a capital investment project should be made using the same analytical technique that was used in deciding to make the investment.
3. The purpose of postaudits is to improve a company's capital investment decision process.
4. The postaudit process uses expected cash flows and the company's cost of capital.
5. Making good estimates of future cash flows is important in making capital investment decisions.

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The Answer of Indicate whether each of the following statements is true or false:
1. A postaudit should be conducted at the time a capital investment is purchased.
2. The postaudit of a capital investment project should be made using the same analytical technique that was used in deciding to make the investment.
3. The purpose of postaudits is to improve a company's capital investment decision process.
4. The postaudit process uses expected cash flows and the company's cost of capital.
5. Making good estimates of future cash flows is important in making capital investment decisions.

Indicate Whether Each of the Following Statements Is True or False