Examlex
Match the items with the correct description below.
-Casting wax
Variable Costs
Costs that change in proportion to the level of activity or volume of goods produced in a business.
Fixed Costs
Expenses that do not change with the level of production or sales.
Depreciation Tax Shield
The Depreciation Tax Shield refers to the reduction in income tax a company achieves through deducting depreciation expenses, thus lowering its taxable income.
Straight-Line Method
An accounting method of depreciation where an asset's cost is reduced equally over its useful life.
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