Examlex
Individual taxpayers may carry forward indefinitely charitable contributions that are not allowed as a deduction in the current year due to the adjusted gross income limitation.
Initial Cost
The upfront expenditure involved in the purchase of an asset or the start of a project.
Capital Budgeting
The process by which a business evaluates and plans for significant investments in projects or assets.
Useful Life
The estimated duration of time over which an asset is expected to be usable by its owner for its intended purpose.
Cash Inflows
Money received by a business from various sources, including sales, investments, and financing activities.
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