What Factors Are Considered in Determining Whether an Expense Is

question 15

Essay

What factors are considered in determining whether an expense is a deductible travel expense?

---

Definitions:

Average Unit Cost

The total cost of goods available for sale divided by the number of units available for sale, used to value inventory.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some numbers than others.

Self-Constructed Property

Real estate or assets that a company builds for its own use, rather than purchasing or leasing from another entity.