Examlex
The three basic types of IRS examinations are computer exams, office exams, and business exams.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Gross Investment
The total amount of money spent on capital goods, or assets that will provide productive capacity for the future, without deducting for depreciation.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.
Capital Stock
The total value of all physical assets owned by a company that are used in producing goods and services.
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