Examlex
Match the following terms with their definitions.
-Least common denominator
Married Couples
Two individuals legally united in marriage, recognized for various legal, social, or tax purposes.
Filing Jointly
Filing jointly refers to a tax filing status that allows married couples to combine their income and deductions on a single tax return, potentially leading to tax benefits.
Net Book Value
The value of an asset or liability according to a company's balance sheet, deducting depreciation or amortization.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation expense that has been recorded against a fixed asset over its useful life to date.
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