E. Barnes, Professional Gamer, Professional Gamer, Washington
Answered May 02, 2019
The correct answer to this question is B, life cycle costsing. Also known as whole-life costing, life cycle costing is the process in which the amount of money spent on an asset over a lifetime is estimated. These costs are calculated from the time the asset is purchased until it is disposed of.
Examples of assets include stock, bonds, land, and mortgages. Asset costs go beyond the original price of it. For a home, there are many costs including such as maitenance to the home, electricity and water bills. Life cycle costsing can be calculated by estimating expenses such as the purchase, maitenance, and the disposal.