Examlex
Police officers should recognize that just because a person they are called to deal with exhibits bizarre or different behavior does not necessarily mean that they are criminals; they could be suffering from a serious mental illness.
Involuntary Conversion
Involuntary conversion is the process whereby property is destroyed, stolen, condemned, or disposed of under the threat of condemnation, and the owner receives compensation or insurance recovery.
Reinvested
The act of using dividends, interest, or profits from an investment to purchase additional shares or units of that investment.
Installment Method
The installment method is a tax provision allowing taxpayers to spread out income recognition over several years when reporting sales or transfers of property, helping to manage tax liability.
Depreciation Recapture
A tax provision where depreciation taken on an asset is taxed as ordinary income when the asset is sold.
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