Examlex
Adam Smith's book, one of the first systematic treatments of economics, was entitled
Property
Assets owned by an individual or business, which can include physical items like real estate and equipment, or intangible items like intellectual property.
MACRS
The Modified Accelerated Cost Recovery System, a method of depreciation used for tax purposes in the United States allowing faster depreciation.
Furniture
Movable articles intended to support various human activities such as seating, eating, and sleeping, often used to decorate and make spaces habitable.
Depreciated
The process of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value over time.
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