True because people go to school to learn skills and such, which costs effort and time and money to actually learn them
Answer:
The asset's depreciable basis is:
= $270,500
Explanation:
a) Data and Calculations:
Equipment purchase cost = $250,000
Freight charges = 500
Installation costs = 750
Sales tax 18,750
Special consultant fee 500
Total acquisition costs = $270,500
Depreciable basis = Acquisition costs - Salvage value
= $270,500 - $0
= $270,500
b) The depreciable basis is the amount of the asset that is subject to depreciation over its useful life. This amount is obtained by subtracting the salvage value from the acquisition costs. The acquisition costs include the purchase price of an asset plus the costs incurred to put the asset into service, which include any sales taxes, delivery charges, and installation fees.
Control rooms in different departments and the district offices shall be immediately activated to function round the clock. The Departments shall ensure that their field officers are in position. Officers on leave shall be called back to duty forthwith.
• ODRAF and NDRF forces as well as teams of Fire services shall be deployed in advance to the areas likely to be affected by the cyclone and associated floods to carry out search & rescue operations and assist in evacuation operations.
• The Government will strive for ZERO CASUALTY. Collectors of the district likely to be affected must immediately prepare and keep the evacuation plan in respect of their districts ready, giving highest priority to most vulnerable villages/ habitations.
• Special care must be taken to shift the old, infirm, physically challenged, women and children to safer places and cyclone shelters much before the occurrence of the disaster.
• All cyclone and flood shelters shall be immediately checked and made ready to house the evacuees. The water supply, lighting and sanitation arrangements in the shelters shall be checked and curative measures taken, if any required.
• Immediate steps shall be taken to conduct mock drill in every cyclone and flood shelter. All equipment in the shelters shall be put to test run and the defective ones shall be repaired immediately.
• Other buildings as per requirement should also be identified by the district administration for use as shelter where water supply, lighting and sanitation arrangements are to be made.
• Proper arrangements must be in place to take care of the basic requirements of the evacuees especially food, medicine, light and water, etc. at the shelter places.
• As flood is always associated with cyclone, necessary boat arrangements must be made in advance to take up rescue and relief operations for likely flood.
• The water level of dams and MIPs must be carefully monitored and the storage level reduced if required. Further, rainfall in the upstreams of the rivers may be monitored regularly.
