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The two approaches used for by-product costing are:
Multiple Choice
Activity-based approach/revenue approach
Cost approach/Sales value at split off approach
Asset recognition approach/revenue approach
Resource consumption approach/asset recognition approach
Sales value at split off approach/revenue approach

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  • 1. The two approaches used for by-product costing are: Multiple Choice Activity-based approach/revenue approach Cost approach/Sales value at split off approach Asset recognition approach/revenue approach Resource consumption approach/asset recognition approach Sales value at split off approach/revenue approach