General, and Administrative Expense Budget Total General & Admin. Expenses Total Selling, General & Administrative Expenses The expansion project would require the business to purchase one additional specialised equipment for repairs in order to meet increased demand, and thus, the initial cost of the specialised equipment will increase. The supplier of the specialised equipment has agreed to provide the business with a 20% discount to the price that the business has paid for the existing specialised equipment. This new equipment will need to be purchased at the start of February 2025, with payment for it to be made in April 2025. All other non-current assets will remain the same as 2024 amounts. The business has the following non-current assets: In 2024, the business purchased one specialised equipment to provide repairs for the ebikes. The total cost of such one equipment is $21960 and it is expected to last 5 years. The expansion itself won't begin until January 2025. The expanded storefront along with all new fixtures and furnishings will involve an initial setup cost (i.e. cost of project) which needs to be paid as a lump sum on 1st January 2025. This overall initial setup depreciates using the straight-line method and is expected to have a useful life of 10 years with zero residual value. Its depreciation is treated as 100% for facilitating the selling process and none for the general and administration purposes. Cost of Project: 487,734