BLACK HOLE EXPENDITURE Definition

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BLACK HOLE EXPENDITURE is a capital R&D expenditure that does not give rise to a depreciable asset and is not otherwise deductible.

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DISCRETIONARY COST can be increased or decreased at the discretion of the decision maker (e.g., advertising and business travel).

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

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