There are five basic concepts to keep in mind when calculating a project's cash flows. These include which of the following?

Group of answer choices

Cash flows must be measured on an incremental, or marginal, basis.

Costs and benefits are measured in terms of cash flow and not income.

Expected future cash flows should be measured on an after-tax basis.

All of these

Which of the following statements is true?

Group of answer choices

Investment tax credit refers to a credit against taxes due that is based on the amount of new capital outlays.

Capitalizing involves recording an outlay as an asset and allocating (depreciating) the cost over future time periods.

Expensing involves recognizing an outlay as an expense for tax purposes at the time it is incurred.

All of these