TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
2 million dollars
SLE is Exposure Factor * asset value
Exposure factor is an estimate of the impact of the risk divided by value of asset (2mil/10 mil = .2)
.2* 10,000,000= $2,000,000
Year 1: $2351.76
year 2: $1928.44
year 3: $1581.32
year 4: $1296.69
Depreciation Amount = Asset Value x Annual Percentage
Decreased Value = Asset Value - Depreciation Value
Answer:
d.Expenses for travel as a form of education are not deductible.
Explanation:
Expenses in the nature of travel, are not allowed while the travel might be for the purpose of education.
This is because it is not in the nature of direct expense.
As the expense for the purpose of business which are important for the business to pursue in a more positive manner is preferable and essential for the business.
As extra education and knowledge provide excellence to perform the task for which knowledge is acquired.