Discussion
Assertion: annual worth is preferred to present worth for alternatives with unequal lives. Reason: an annual figure is already expressed per period.
Answer: A
Correct answer: both the assertion and the reason are true and the reason explains the assertion
Both are true and the reason gives the mechanism. Because annual worth is expressed per period, alternatives of different lives can be set beside each other without any repetition arithmetic. The assumption of indefinite repetition at each alternative’s own life is still being made - it is simply implicit rather than laid out.
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