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Discuss the Computation of NOL Remaining to Be Carried Forward

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Essay

Discuss the computation of NOL remaining to be carried forward after the NOL has been applied in a carryback year.


Definitions:

Cost Of Completion

The estimated expenses that are yet to be incurred to complete an ongoing project or to bring an asset to its intended use.

Market Value

The present cost at which a service or asset is available for purchase or sale in a market setting.

Replacement Cost

The current cost to replace an asset with a similar one of equivalent utility and quality, without considering depreciation.

Selling Price

The amount of money for which a product or service is sold to customers.

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