Examlex
The value of resources the firm owns, minus the amount of money the firm owes to others =
Capital Improvements
Permanent structural changes or restorations to a property that enhance its value, prolong its useful life, or adapt it to new uses, with potential tax impacts.
Rental Income
is the income received by property owners from leasing out real estate properties, such as buildings or land.
Straight-Line Method
A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.
Residential Rental Properties
Real estate properties that are leased or rented out to individuals to live in, as opposed to commercial properties.
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