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Oksana started an LLC on November 2 of the current year.She incurred $30,000 of start-up costs.How much of the start-up costs can be immediately expensed for the year? How much amortization may Oksana deduct in the first year?
Average Variable Cost
The total variable costs (costs that change with production volume) divided by the quantity of output produced.
Diminishing Marginal Returns
A principle in economics where each additional unit of input results in a smaller increase in output than the previous unit, at a certain point.
Marginal Cost
The additional cost incurred in producing one more unit of a product, emphasizing the concept of optimizing production levels.
Average Total Cost
The total cost per unit of output, calculated by dividing the total cost of production by the total quantity produced.
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