Examlex
A proteolytic enzyme secreted by the pancreas is ________.
Gift Tax
A federal tax on the transfer of property by gift from one individual to another with the donor being primarily responsible for paying the tax.
FMV
Fair Market Value, an estimation 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 in the market.
Adjusted Basis
The original cost of an asset adjusted for factors such as depreciation or improvements, used to calculate capital gains or losses for tax purposes.
Straight-line Depreciation
A method of calculating the depreciation of an asset evenly over its useful life.
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