The reason economic profit will typically be less than accounting profit is that accounting profit excludes interest earned on capital economic profit includes implicit costs as well as explicit costs economic profit and accounting profit are identical economic profit deducts expected depreciation ...

The reason economic profit will typically be less than accounting profit is that: accounting profit excludes interest

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The reason economic profit will typically be less than accounting profit is that:

		accounting profit excludes interest earned on capital
		economic profit includes implicit costs as well as explicit costs
		economic profit and accounting profit are identical
		economic profit deducts expected depreciation

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 15, 2023 01:41 AM

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The reason economic profit will typically be less than accounting profit is that: accounting profit excludes interest

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Income Tax Fundamentals 2013

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