Examlex
If an individual is not "away from home," expenses related to local transportation are never deductible.
Mutually Exclusive
Situations or events that cannot occur at the same time, where the selection or occurrence of one precludes the possibility of the other.
Value Foregone
The opportunity cost of choosing one investment or action over another, representing the benefits lost from not selecting the alternative.
Cost of Capital
The lowest return required for a project involving capital investment, such as building a new production plant, to be deemed feasible.
Mutually Exclusive
In project selection or decision making, mutually exclusive refers to options where the selection of one option precludes the selection of another.
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