2. How much of the following are deductible from gross income as business expense? Office utilities...

 

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2. How much of the following are deductible from gross income as business expense? Office utilities Factory supplies Raw materials P30,000 80,000 300,000 Machinery repairs and maintenance 20,000 25,000 100,000 60,000 150,000 Plant depreciation Sales salaries Administrative salaries Factory labor 2. How much of the following are deductible from gross income as business expense? Office utilities Factory supplies Raw materials P30,000 80,000 300,000 Machinery repairs and maintenance 20,000 25,000 100,000 60,000 150,000 Plant depreciation Sales salaries Administrative salaries Factory labor

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In general principle all the costs that are incurred in th... View the full answer