Explain the various methods of estimating cost what is the, Financial Accounting

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Explain the various methods of estimating cost what is the

1. Explain the various methods of estimating cost. (Hint: subject name cost accounting)

2. What is the present value of $10,570 that you will receive in 5 years if your opportunity cost of money is 14% per year?

3. Describe how the convergence will impact decision made by management (IASB, FASB and IFRS)

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