Examlex
When the sale of an asset is equal to its book value,a firm will have to pay taxes on recaptured depreciation.
Federal Government
The national government of the United States, composed of three branches (legislative, executive, and judicial), responsible for governing the country as a whole.
American Citizenship
The status of being a recognized member of the United States, entailing specific rights, duties, and privileges under the U.S. Constitution and laws.
Constitution
A fundamental set of principles and precedents upon which a state or other organization is governed, often codified as a written document.
Commonly Agreed-upon
A term describing something that has been collectively accepted or approved by a majority.
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