Examlex
Use a day counting table to determine the due date of the loan if the loan is made on the given date for the given number of days.
-December 8 for 240 days (the due date is not in a leap year)
Primarily Personal
Indicates the use of property or resource predominantly for the owner's personal purposes and enjoyment rather than for business or rental.
Personal/Rental
Relates to property used for both personal and rental purposes, requiring specific tax treatment and allocation of expenses for each use.
Allocate Expenses
The process of assigning costs to specific cost centers or accounts based on their usage or benefit received.
Royalties
Payments made to the owners of intellectual property, such as patents, copyrights, and trademarks, usually based on a percentage of revenue generated from their use.
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