Examlex
Which of the following may explain Vietnam's medium gender-equality ranking given that it also has low income and well-being rankings?
Depreciable Cost Basis
The portion of the cost of an asset that can be deducted over time for tax purposes.
Personal-Use Property
Items owned for personal enjoyment or use, such as a residence or car, that typically do not qualify for tax deductions or depreciation.
FMV
Fair Market Value is an estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.
§179 Expense
A section of the U.S. tax code that allows a business to deduct the full purchase price of qualifying equipment or software within the tax year.
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