Non-monetary incentives
Describe briefly the term non-monetary incentives?
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Non-monetary incentives are the advantages which are granted to the workers in the different forms, like good working conditions, safety services and health, Canteen Facility, Medical services to the workers and their family members, Loans at decreased rate of interest and so on. With a purpose to attract good workers, keep existing workers, and decrease labor turnover.
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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