The focus of business decision making is to identify “relevant” items – those where future costs and revenues are expected to diFer between alternatives under consideration. Examine the following listing, and apply your best judgment to identify if the item is “relevant.”

The focus of business decision making is to identify “relevant” items – those where futurecosts and revenues are expected to diFer between alternatives under consideration.Examine the following listing, and apply your best judgment to identify if the item is”relevant.”The cost of a prior paint job, in a decision to repaint abuilding.The original investment cost in shares of stock in acompany that is in decline, in a decision to sell or hold.Income taxes that can be saved by selling an asset at aloss, ina decision to sell or hold.The cost of tearing out an old parking lot, in decidingwhether or not to build a new lot.The cost of textbooks, in deciding which classes to takeduring a semester.The original cost of a textbook, in deciding whether or notto resell the book at the end of the term.The cost of an attorney, in deciding whether to appeal atra±c ²ne that is undeserved.The allocation of factory depreciation, in deciding whetherto accept a special oFer from a customer.Research and development costs incurred to develop anew product, in deciding whether to ²le for a patentapplication.Proceeds that will be received from the sale of “factoryseconds,” in deciding how to price a primary product.

Name:Date:Section:B-24.01RelevantIrrelevantThe cost of a prior paint job, in a decision to repaint abuilding.The original investment cost in shares of stock in acompany that is in decline, in a decision to sell or hold.Income taxes that can be saved by selling an asset at aloss, in a decision to sell or hold.The cost of tearing out an old parking lot, in decidingwhether or not to build a new lot.The cost of textbooks, in deciding which classes to takeduring a semester.The original cost of a textbook, in deciding whether or notto resell the book at the end of the term.The cost of an attorney, in deciding whether to appeal atraFc ±ne that is undeserved.The allocation of factory depreciation, in deciding whetherto accept a special o²er from a customer.Research and development costs incurred to develop anew product, in deciding whether to ±le for a patentapplication.Proceeds that will be received from the sale of “factoryseconds,” in deciding how to price a primary product.

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