The Generally Accepted (A)accounting Rule and (B)tax Rule for Development

question 79

Multiple Choice

The generally accepted (a) accounting rule and (b) tax rule for development expenditure are:

• A) (a) capitalise and amortise; (b) a tax deduction when paid for.
• B) (b) expense when paid for; (b) a tax deduction when paid for.
• C) (c) capitalise and amortise; (b) a tax deduction when amortised.
• D) (d) expense when paid for; (b) a tax deduction when amortised.

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Definitions:

Jeff Gordon's Rainbow Warriors

The nickname for the pit crew of former professional stock car racer Jeff Gordon, known for their efficiency and for wearing brightly colored uniforms in the 1990s.

Pit Crew

A team of specialized personnel in auto racing responsible for maintaining and servicing the race car during a competition, especially for quick repairs and tire changes.

Pit Stop

A break for maintenance and refueling during an auto race, or by extension, any stop made during a task to improve performance or make necessary changes.

SMART Goals

SMART goals are specific, measurable, achievable, relevant, and time-bound objectives that guide planning and achievement in a structured manner.