Examlex
Connie and Lydia both use Apple computers.
Straight-Line Depreciation
A method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.
Tax Bracket
Ranges of income set by the government that determines the rate at which income is taxed.
Long-Term
Refers to holding an asset for more than a year before disposal, affecting the calculation of capital gains and losses for tax purposes.
Short-Term Gain
A profit from the sale of an asset held for one year or less.
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