Examlex
Differentiate between the doctrines of strict liability and negligence.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in an even manner.
Depreciation Tax Shield
The tax savings achieved by a company from the deductible expenses of depreciation, reducing its taxable income.
Present Value
The value today of a future sum of money or cash flow sequence, calculated using a defined rate of return.
CCA Class
A categorization in Canadian tax law that determines the depreciation rate for tax purposes on capital assets.
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