Examlex
Which of the following is not a primary revenue source for most states?
Straight-line Method
A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.
Double Declining-balance
An accelerated depreciation method that counts the expense twice as fast as the straight-line method, reducing the value of an asset more quickly.
Net Income
The amount of profit left after all expenses, taxes, and costs are subtracted from a company’s total revenue; synonymous with net profit.
Tax Purposes
Describes the reasoning or intention behind financial decisions or calculations made to comply with tax laws and regulations.
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