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MACRS Depreciation
Stands for Modified Accelerated Cost Recovery System, which is a method of depreciation in the U.S. that allows for the accelerated write-off of property under certain conditions.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
Depreciation Schedule
A table that shows the decline in value of an asset over time, which impacts financial and tax reporting.
Corporate Tax Rate
The percentage of a corporation's profit that is paid as tax to the government.
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