In which costing system future costs are considered and expressed in present-day value by applying discount rate?
A. Life Cycle Costing (Correct)
B. ABC (Activity Based Costing
C. Absorption Costing
D. Standard Costing
In which costing system future costs are considered and expressed in present-day value by applying discount rate?
A. Life Cycle Costing (Correct)
B. ABC (Activity Based Costing
C. Absorption Costing
D. Standard Costing