Examlex
A large SUV is place in service in 2015.MACRS depreciation on an SUV weighing over 6,000 pounds is limited to $3,160 for the first year placed in service.
Goodwill
An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net tangible assets.
Impairment
A decrease in the recoverable value of an asset below its carrying amount, leading to a reduction in its recorded value on financial statements.
Investment in Grub
Specific reference to an investment made in a company known as "Grub", treated according to the investor's accounting method for such investments.
Goodwill
An intangible asset representing the excess of the purchase price over the fair market value of an acquired company's net assets, attributed to factors like reputation.
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