Examlex
Define paralegal.
Personal Property
Property that includes movable items such as furniture, cars, and investments, as opposed to real estate.
200% Declining-Balance Rate
A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.
MACRS
The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.
Mid-Month Convention
A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.
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