Companies may count qualifying operating expenditures, annual capital expenditures, or depreciation expenses, depending on the project.
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Operating expenditures (opex) may be applied to VCA, BVC, or OC projects. Companies must submit evidence of cash payments or accruals made during the relevant period. Depending on the project type, you must document either the full investment cost or the price premium. See this section for more details about ongoing VCA expenditures and this section about recurring OC expenditures.
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Capital expenditures (capex) are typically for VCA projects only. Companies may submit either full capital costs incurred during the CTB period or a depreciation expense incurred during the VCA period.