The initial outlay for the project after depreciation is loss of $26,700.
<h3>What is
depreciation?</h3>
Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.
Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.
Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.
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The manufacturing overhead budget contains the manufacturing costs other than the direct materials and direct labor.
<h3>
What is manufacturing overhead budget?</h3>
Your information is incomplete. Therefore, an overview will be given. The information in the manufacturing overhead budget is part of the cost of goods sold line item in the master budget.
One can calculate it by dividing the total expected overhead costs for one period by the number of direct labor hours expected in that period.
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2042 will be the year the fund drys up, based on its current level.
Alyssa could simply have put down more cash than Steven did when they respectively bought their houses. Also different financial institutions have different policies, so based on that principal Steven could be taking out a mortgage loan from an institution with insanely high interest rates, etc.
Answer:
Option(c) is the correct answer to the given question
Explanation:
Product liability means it relates to the distributor or we can say the retailer becoming held responsible for the putting a faulty product into the consumer's hands it simply means the commitment for the defective products resulting a damage falls on all the consumer dealers that are in the distribution process.
- As mention in the question Jean is playing the faulty disk that breaks in her game machine,.they put the case to the company K-Tech. so K-Tech shall be held responsible under the strict responsibility doctrine of the product liability.
- All the other options are incorrect because they are not related to the given question .