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In April 2013,Emma acquired a machine for $60,000 for use in her business.The machine is classified as 7-year property.Emma does not expense the asset under Sec.179,and the asset is not eligible for bonus depreciation.Emma's depreciation on the machine this year is
Average Costs
is the total costs divided by the quantity produced, used to determine the cost of producing one unit of goods or services.
Average Cost
The aggregate expense of manufacturing, when divided by the quantity of items made.
Marginal Costs
The price of generating one more unit of a product or service.
Marginal Productivity
The additional output generated by employing one more unit of a particular resource, while holding other inputs constant.
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