The Department of Education had an appropriation of $1million in 2020 and of $1.03 million in 2021 (an increase of $0.03 million or 3%). If using the incremental budgeting approach, what is the 2022 budget base for this department? If using zero-based budgeting approach, what is the 2022 budget base for this department?

The Department of Education had an appropriation of $1million in 2020 and of $1.03 million in 2021 (an increase of $0.03 million or 3%). If using the incremental budgeting approach, what is the 2022 budget base for this department? If using zero-based budgeting approach, what is the 2022 budget base for this department?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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