Examlex
There are several attributes of the internet that may allow for cost savings online. Define and give examples of at least four.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life to account for the decline in value over time.
Lease Payments
Regular payments made by a lessee to a lessor for the use of an asset over a specified period.
Sole Proprietor
An individual who owns and operates a business alone, bearing full responsibility for its debts and liabilities.
Schedule C
A form used by sole proprietors to report their business income and expenses to the IRS as part of their personal tax return.
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