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How much does it cost to mantain the parks?
The National Park Service's budget for fiscal year 2008 was $1.97 billion.
Relevance of opportunity cost?
Opportunity cost is the economic, or real cost, of taking any action (as opposed to its accounting, or fiscal, cost). This cost is relevant as part of profit-optimising functions that determine allocations of spending and goods for economic agents.
What is fiscal consolidation?
Fiscal consolidation is a policy aiming at reducing fiscal deficit of government .
Fiscal policies deal with?
Fiscal policies deal with finances usually budgets.
Features and effectiveness of fiscal policy?
features of fiscal
What does the matching principle require?
The matching principle requires that cost of each fiscal year should be matched with revenue of that fiscal year and no previous or future period cost and revenues can be match in current fiscal year.
What is a period cost?
Period cost is the cost which must be incurred by business and not influenced with the fact whether there is any production or not in fiscal year.
Is the cost of the car fixed cost or variable cost?
Cost of car purchased for business purpose is fixed cost as this asset will be utilized for more than one fiscal year.
Why you have depreciation?
Depreciation is used to allocate the fixed cost of asset to specific fiscal years during which that fixed asset is used to earn revenue if depreciation is not used then all cost is charged to one fiscal year which is against the matching concept.
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
The cost of fixed assets recognized as being consumed during a fiscal period is recorded as?
depreciation expense
How much does it cost to mantain the parks?
The National Park Service's budget for fiscal year 2008 was $1.97 billion.
Relevance of opportunity cost?
Opportunity cost is the economic, or real cost, of taking any action (as opposed to its accounting, or fiscal, cost). This cost is relevant as part of profit-optimising functions that determine allocations of spending and goods for economic agents.
What is depreciation cost?
Depreciation is that amount or part of full cost of fixed asset which is allocated to specific fiscal year during which any asset is used to generate revenue.
What is depreciation of fixed assets?
Depreciation is the method of allocation of part of cost to all fiscal years to which fixed asset is used for revenue generation to income statement
What is fiscal duties?
What is fiscal duty?
What is full form of FISCAL?
fiscal
