Examlex
Use the MACRS depreciation rates table to find the recovery percent (rate) , given the recovery year and recovery period.
-Recovery year: 5
Recovery period: 5-year
Indirect Method
A cash flow statement approach that starts with net income and adjusts for changes in balance sheet accounts to calculate the cash from operating activities.
Operating Activities
The primary revenue-producing activities of a business, involving transactions and events that affect net income.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Investing Activities
Financial activities related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.
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