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Expansion Option
An option within a project that allows for expansion, scaling up production or operations, if the initial phase is successful, often evaluated in capital budgeting.
Initial Cost
This is the amount required to start a project or investment, often encompassing purchase price, setup fees, and other initial expenses.
Technology Update
The process of implementing the latest technological advancements and improvements within a company or system to increase efficiency and competitiveness.
CCA Class
Refers to a category within the Capital Cost Allowance system in Canada, grouping assets with similar depreciation rates for tax purposes.
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