Examlex
Which statement regarding needs assessment is true?
Bulldozer
A heavy, tractor-like vehicle with a large, metal plate used to push large quantities of soil, sand, rubble, or other such material during construction or conversion work.
Capital Loss Deduction
A tax deduction for losses incurred on the sale of an asset held for investment, allowing for the offset of capital gains or regular income up to certain limits.
Business Property
Assets and property owned by a business used in the operation and function of the business, including real estate, equipment, and intellectual property.
Casualty
A sudden, unexpected, or unusual event that causes damage or loss, often used in reference to natural disasters for tax deduction purposes.
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