Examlex
Who led the campaign for a unified Europe that could compete with U.S.and Japanese economic strength as president of the European Commission in the mid-1980s?
Modified Accelerated Cost Recovery System (MACRS)
A method of depreciation used for tax purposes in the United States that allows businesses to recover investments in certain property over a specified life through annual deductions.
Tax Deductions
Expenses that can be subtracted from gross income to reduce taxable income and overall tax liability.
Half-Year Convention
The half-year convention is a tax and accounting principle that allows for depreciation of assets to be calculated as if they had been in service for half a year, regardless of when they were actually acquired during the fiscal year.
Corporate Tax Rate
The share of a company's earnings required to be paid to the government as tax.
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